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Eurozone Industrial Output Falls More Than Forecast

Eurozone industrial production declined more than expected in November, figures from Eurostat revealed Wednesday.

Industrial production decreased 0.7 percent in November from October, when it grew by revised 0.8 percent. Economists had forecast output to drop 0.3 percent.

Energy output fell 4.3 percent and capital goods production slid 1.9 percent. At the same time, durable consumer goods output declined 1 percent.

Meanwhile, intermediate goods and non-durable consumer goods climbed 0.7 percent and 0.1 percent, respectively.

On a yearly basis, growth in industrial output slowed to 1.1 percent from revised 2 percent in October. It was slower than the expected 1.3 percent increase.

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