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