Euro zone industrial output fell at its steepest monthly rate in more than a year in October

Livewire News

Livewire

Euro zone industrial output fell at its steepest monthly rate in more than a year in October. The €9.5 trillion regional economy emerged from recession in the second quarter but growth almost ground to a halt again in the third, and the outlook is clouded by record high unemployment, and weak consumer and business confidence. Industrial production in the 17 countries using the single currency dropped 1.1 per cent on the month, its biggest monthly decline since September 2012. The data has highlighted the fragile nature of the Euro zone recovery and highlighted the possibility of further central bank intervention. (VIEW LINK)


2 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment