Sunday March 1, 2015 Search
Weather | Athens
11o C
6o 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)  
Greek debt becoming less sustainable
No progress seen in tax administration
House protection criteria will benefit wealthy borrowers, too
Agenda
Spanish PM hits back at Greek accusation of anti-Athens axis
Spain's centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his...
Greeces lenders skeptical on new bills but focus on funding needs
European officials have expressed concern that the Greek government has not consulted with its partners over its plans to bring new legislation to Parliament this week but the greatest focus...
Inside News
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldnt overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, because it is in no ones interest, as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek debt becoming less sustainable
2. No progress seen in tax administration
3. House protection criteria will benefit wealthy borrowers, too
4. Agenda
5. Spanish PM hits back at Greek accusation of anti-Athens axis
6. Schaeuble softens tone, says Greece needs time
more news
Today
This Week
1. Greece's lenders skeptical on new bills but focus on funding needs
2. Schaeuble softens tone, says Greece 'needs time'
3. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
4. Lenders to be consulted over collective bargaining
5. Spanish PM hits back at Greek accusation of anti-Athens 'axis'
6. Greek debt becoming less sustainable
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. A fierce battle looms
4. The ignorance of the West about the culture of Islam
5. Greece says eurozone deal won time as cash bled from banks
6. Spain said to lead push to hold Greece to terms as Podemos grows
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.