Thursday, November 12, 2009

Eurozone industrial production continued to grow moderately

Eurozone industrial production index for September rose by 0,3% in monthly terms, said the EU statistical agency Eurostat. Value was below the level projected by most analysts (0.5%). Nevertheless, the August index value revised upward - from 1.1% to 1.2%.
In annual terms, the euro-zone industrial output fell in September to 12,9%, compared with -15.1% in the previous month and the forecast of -14.1%. Note that the index continuously improved during the five months, after falling to -21.3% in April this year.

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