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Eurozone Industrial Output Falls For Second Month

12/12/2012 5:16 AM ET

Industrial production in Eurozone declined for a second consecutive month in October, but at a slower pace compared to the previous month, data released by Eurostat showed Wednesday.

Production dropped 1.4 percent month-on-month in October after a 2.3 percent fall in September. Economists expected no change in production volume.

Production of durable consumer goods fell 3.8 percent month-on-month while output of capital goods decreased 3 percent. Production of energy declined 1.5 percent and intermediate goods dropped 1.2 percent. Output of non-durable consumer goods industry was up 1.2 percent.

Year-on-year, total industrial production declined 3.6 percent compared with expectations for a 2.4 percent fall. In September, output was down 2.8 percent.

by RTT Staff Writer

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