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Eurozone Industrial Production Declines More Than Expected In December

Eurozone industrial production decreased for a second straight month and at a faster-than-expected pace in December, but the fall was less severe than the previous month's decline.

Industrial production fell 0.9 percent from November, when it decreased 1.7 percent, figures from Eurostat showed on Wednesday. Economists had expected a 0.4 percent decline.

Production of both capital goods and non-durable goods decreased 1.5 percent each and that of energy fell 0.4 percent. Intermediate goods output was unchanged, while production of consumer goods rose 0.7 percent.

Compared to a year ago, production shrunk 4.2 percent after a 3 percent decline in November. Economists had forecast a 3.3 percent fall.

In 2018, industrial production rose an average 1.1 percent in the euro area.

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