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Industrial Production Gains in Europe
Industrial output in the eurozone rose 1.8% from October to November, the strongest month-to-month improvement since May 2010, according to Eurostat.
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Industrial output in the eurozone rose 1.8% from October to November, the strongest month-to-month improvement since May 2010, according to Eurostat.
The EU's statistical service says seasonally adjusted growth for the production of capital goods was led by Germany (2.4%) and France (1.4%).
Growth was strongest for capital goods (+3.0%) and durable consumer goods (+2.2%). Part of the gain may have been to offset month-to-month shrinkage in the sector in September (-0.2%) and October (-0.8%).
Results could signal that the eurozone's fragile recovery from recession is finally gaining momentum. But analysts caution that one month's results are inconclusive.
Overall economic growth in the region was only 0.1% in the third quarter, and the surprisingly strong euro continues to dampen recovery. Eurostat will release fourth-quarter growth data in February.
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