Mubasher: The Eurozone’s industrial production rose at a slower pace in December, but beat analysts’ forecasts.

Industrial output grew 0.4% during the final month of 2017, compared with an increase of 1.3% in November, seasonally adjusted data by Eurostat showed on Wednesday.

Economists, however, expected a slighter rise of 0.1% in December.

On an annual basis, the Eurozone’s industrial production growth reached 5.2% in December.

Meanwhile, the European Union’s (EU) industrial production climbed 0.3% month-on-month, and 4.8% year-on-year.

As for the full year 2017, industrial output went up 3.0% in the Eurozone and 3.3% in the EU, according to Eurostat data.

The euro last inched up 0.02% against the US dollar to $1.2355.