The Trader 

Market Outlook: Eurozone slows suddenly

The Trader

Data published by Eurostat yesterday showed that during November industrial production fell by 1.7 per cent over the month, the third biggest fall ever and a real outlier (Feb 2016 saw a 2.1 per cent fall and Dec 2008 -3.7 per cent). The biggest loser was Ireland at -7.5 per cent, followed by Portugal -2.5 per cent, the Germany (the block’s biggest economy) and Lithuania off 1.9 per cent. Production fell across all categories: capital goods, durable and non-durable consumer goods, energy and intermediate goods. With very heavy snow, the threat of rooves collapsing and avalanches this month in much of central Europe, another slow-down is possible.

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