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Eurozone industrial output picks up in November

Eurozone industrial output picks up in November

Mubasher: The Eurozone’s industrial production accelerated in November at the fastest pace since August, supported by the robust increase in capital goods, Eurostat’s data showed on Thursday.

Output grew 1% in November, compared to a 0.4% increase in October. November’s data beat analysts’ forecasts of a 0.8% rise.

On an annual basis, industrial production growth slowed to 3.2% in November from a 3.9% gain in the previous month, but remained above expectations of a 3.1% rise in pace.

By 10:30 am GMT, the euro stood at $1.1947 against the US dollar.