Monday Jan 26, 2015 Search
Weather | Athens
17o C
10o 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)  
Talks with troika the main test
Fiscal gap from revenues at 2.3 bln euros
Liquidity noose tightening around local lenders’ necks
Banks make plans for tackling impact of Swiss franc’s growth on borrowers
SYRIZA heads for historic victory but without majority
SYRIZA was on the verge of a historic election victory on Sunday night but one that might not hand the leftist party an outright parliamentary majority, raising doubts about whether a govern...
Prison probes violent attack against N17 convict Xeros
Authorities at Domokos Prison in central Greece were investigating over the weekend an attack by an inmate on November 17 terrorist Christodoulos Xeros. According to Xeros’s lawyer, Fragisko...
Inside News
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
FOCUS
A SYRIZA government in Greece: what it wants and what might be possible
The left-wing SYRIZA party led by Alexis Tsipras looks likely to win the Greek general election on Sunday after campaigning on a pledge to renegotiate the country’s international bailout and...
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sunday’s election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. SYRIZA heads for historic victory but without majority
2. Prison probes violent attack against N17 convict Xeros
3. Talks with troika the main test
4. Fiscal gap from revenues at 2.3 bln euros
5. Liquidity noose tightening around local lenders’ necks
6. Banks make plans for tackling impact of Swiss franc’s growth on borrowers
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015 | LIVE
3. Greek Elections 2015 Results | LIVE
4. Greeks vote for reform path or defiance
5. A SYRIZA government in Greece: what it wants and what might be possible
6. Exit polls suggest big margin of victory for SYRIZA
Today
This Week
1. Greek Elections 2015 | LIVE
2. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
3. Greek Elections 2015 | LIVE
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. QE exclusion a ‘de facto Grexit’
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.