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.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis