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Eurozone Industrial Production Declines More Than Forecast

Eurozone industrial production decreased more than expected in December, data from Eurostat revealed Wednesday.

Industrial production declined 2.1 percent month-on-month in December after staying flat in November. Economists had forecast a 1.7 percent drop.

All components of production declined in December. Output of capital goods was down 4 percent and intermediate goods production decreased 1.7 percent.

Durable consumer goods and non-durable consumer goods output fell 1.1 percent and 1.3 percent, respectively. Energy production decreased 0.5 percent from November.

On a yearly basis, industrial production declined 4.1 percent, bigger than the 1.7 percent fall in November and the forecast of -1.9 percent.

In 2019, industrial production decreased 1.7 percent.

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