Wednesday April 16, 2014 Search
Weather | Athens
19o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone output drops in December because of energy, capital goods

Falling production of energy and capital goods curbed eurozone industrial production more than expected in December, data from the European Union's Statistics Office showed on Wednesday, underlining the fragility of the bloc's economic recovery.

Industrial output in 17 countries sharing the euro in December 2013 fell 0.7 percent on the month, after a downwardly revised 1.6 percent rise in November, Eurostat said. Analysts polled by Reuters expected only a 0.3 percent fall in December.

The decrease was driven mainly by a 2.1 percent fall in output of energy and capital goods, with production of non-durable consumer goods down 0.1 percent against November.

Compared with the same period of last year, industrial production rose 0.5 percent in December after a downwardly revised 2.8 percent rise in November. But analysts had expected a 1.8 percent expansion year-on-year.

The data shows the fragility of the recovery in the 9.5 trillion euro economy, which economists expect to have expanded 0.2 percent quarter-on-quarter in the last three months of 2013, up from 0.1 percent in the third quarter.

Eurostat will publish its first estimate of eurozone GDP for the fourth quarter on Friday.

Only three out of 17 countries sharing the euro saw industrial production rising in December, led by a 2.7 percent growth on the month in Slovenia and a 2.6 percent jump in Greece.

Portugal, which is expected to exit from an international bailout later this year, saw production rising 0.7 percent compared to November.

Industrial production in Europe's strongest economy Germany fell 0.7 percent on the month, while second largest France was down 0.3 percent and the third biggest Italy fell 0.9 percent month on month.

All three countries saw industrial production rising month on month in November.

[Reuters]

ekathimerini.com , Wednesday February 12, 2014 (12:27)  
IBM to open new center in Athens for big data analytics
Benefits to all single-parent families and new unemployed
Supermarket chains sense worst is yet to come
Cost of borrowing via T-bills drops to pre-bailout levels
PASOK plays down coalition row over scheme for homeless
PASOK remained tight-lipped on Monday about a row that broke out with its coalition partner, New Democracy, late on Monday after Prime Minister Antonis Samaras announced the creation of home...
Greeces new public sector wage structure ready in September
A new wage structure for civil servants will be ready in September, Administrative Reform Minister Kyriakos Mitsotakis said on Tuesday. The new scheme will contain financial incentives for p...
Inside News
BASKETBALL
Defense lets Olympiakos down at Madrid
Olympiakos played second fiddle to Real Madrid in a rather spectacular game in Spain on Tuesday going down 88-71 to trail 1-0 in the best-of-five quarterfinal series with the Spanish giant. ...
SOCCER
Apollon is relegated, Xanthi to face survival play-off
Apollon followed Aris to the second division and Xanthi will contest a relegation play-off, as the end of the regular season of the Super League on Sunday produced predictable results that a...
Inside Sports
COMMENTARY
Empty vessels
US satirist and journalist Patrick Jake ORourke once said about American politics, The Republicans are the party that says government doesnt work and then they get elected and prove it. ...
EDITORIAL
National targets
The official news regarding Greeces present fiscal state of affairs appears to be very good indeed and is paving the way for serious negotiations with the countrys creditors and partners r...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Defense lets Olympiakos down at Madrid
2. IBM to open new center in Athens for big data analytics
3. Benefits to all single-parent families and new unemployed
4. Supermarket chains sense worst is yet to come
5. Cost of borrowing via T-bills drops to pre-bailout levels
6. Eurobank reaps major investor interest
more news
Today
This Week
1. Greece's market return mirrors return of tourists
2. GD lawmaker hails Hitler, condemns homosexuality in interview
3. Suspected smuggler dies after trying to ram Coast Guard vessel off Kos
4. New Democracy to confirm list of candidates for Euro elections
5. Anchor investors bid for chunk of Greek Eurobank's share offer
6. Greek far right fires up Athens election campaign
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Samaras sees no need for third bailout
6. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.