Higher Eurozone Output
By Pan Pylas |
January 13, 2011, Thursday
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Print Edition
Print Edition
INDUSTRIAL output in the 16 countries that used the euro rose by a much greater than expected 1.2 percent in November, official figures showed yesterday - shoring up hopes that the economic recovery in the eurozone continued into the fourth quarter of last year.
The increase reported by Eurostat, the EU's statistics office, was up on the 0.7 percent increase recorded in October and represented the fastest pace of growth since August, when output also rose by 1.2 percent.
November's increase was much bigger than anticipated - the consensus in the markets was only for a 0.5 percent gain.
The increase reported by Eurostat, the EU's statistics office, was up on the 0.7 percent increase recorded in October and represented the fastest pace of growth since August, when output also rose by 1.2 percent.
November's increase was much bigger than anticipated - the consensus in the markets was only for a 0.5 percent gain.
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