Sunday, January 17We Break the News

Eurozone Industrial Output Rises for 7th Month

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Eurozone industrial production rose 2.5 percent from a month earlier in November 2020, a seventh consecutive month of growth and compared with market expectations of a 0.2 percent increase. Capital goods output jumped 7.0 percent (vs 2.9 percent in October) and intermediate goods production advanced 1.5 percent (vs 2.3 percent in October). Meanwhile, output of durable consumer goods, such as televisions and washing machines, dropped 1.2 percent, after a 1.5 percent rise in the previous month. Production also fell for both energy (-3.9 percent vs 2.1 percent) and non-durable consumer goods (-1.7 percent vs 0.3 percent).

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