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FX.co ★ Eurozone industrial output growth exceeds forecasts

Eurozone industrial output growth exceeds forecasts

Eurozone industrial output growth exceeds forecasts

Eurozone industrial production grew by 1.5% in November from October. On a yearly basis, industrial output grew by 3.2%, Eurostat said in its report.

Meanwhile, analysts had expected a 0.6% monthly increase and a 1.6% rise from October 2015.

Production in the EU countries grew by 1.6% month-on-month and rose by 3.1% annually.

Industrial production rose at the fastest pace in Ireland (16.3%), Denmark (4.6%) and Croatia (3.7%). Greece and Portugal saw the biggest decline of 0.9%.

The biggest yearly output growth was in Ireland (14.6%), Latvia (11%) and Denmark (10.7%). Meanwhile, Malta and Sweden witnessed the largest decline (-0.8%).

German industrial production edged up by 0.3% in November and rose by 2.3% on a yearly basis. French output grew by 2.2% month-on-month and rose by 2% annually. In Italy, production rose by 0.7% and 3.2%, respectively.

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