15 January 2007, 13:54  Euro Zone’s Industrial Production has bounced back to positive levels

Euro Zone’s Industrial Production has bounced back to positive levels in November, yet tha reading has been weaker than expected, with production of intermediate goods decreasing on the month. Industrial Production has grown by 0.2% in November, as data from the European Stats agency shows, this reading remains sharply below the 0.8% increase expected by the analysts, after two consecutive declining months. The yearly 2.5% increase is also below the 3.1% expected by the economists and below October’s 3.6% growth. Production of intermediate goods has fallen 0.21% while non-durable goods production has remained flat. Capital goods production has risen 1.2% on the month. Durable consumer goods output increased 1.0% and Energy 0.9% after falling for three consecutive months.

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