Wednesday November 26, 2014 Search
Weather | Athens
12o C
9o 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)  
Debtors snap up offer for easier settlements
Belgium gas firm said to be eyeing DESFA
OLP approval paves way for investment in Piraeus
Airport tender exceeds expectations
Hundreds of migrants on crippled ship off Crete
Ships from Greece rushed to help after a crippled freighter crammed with hundreds of migrants floundered for hours Tuesday in gale-force winds and high waves in the Mediterranean Sea, offici...
Policemen suspected of working at Piraeus bar where shooting took place
At least three serving policemen are thought to have been working at the bar in Mikrolimano, Piraeus, where a 31-year-old man opened fire with an AK-47 early on Saturday, resulting in 15 peo...
Inside News
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The countrys citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
3. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
4. Two police officers among 9 arrested for drug trafficking
5. Fraport, Copelouzos offer highest bid for Greek regional airports
6. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Give Greece a chance
4. Every age has its collaborators
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Scientists expand excavation of ancient Amphipolis
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.