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Euro Area Industrial Production Jumped in December, Topping Estimates

Hands employee that manufacture the wiring for the car

Industrial production in the eurozone increased in December, surpassing estimates despite global supply-chain constraints and rising input prices.

Source: eurostat

Euro Stoxx 50 down -0.27%, EUR USD up +0.01%

Output from factories, mines, and utilities across the region jumped 1.2% in December compared with November. The economists surveyed by The Wall Street Journal had projected a 0.1% increase.

Compared with November, production of capital goods grew 2.6% in December, intermediate goods 0.5%, and non-durable consumer goods 0.4% as production of durable consumer goods dropped 0.3%, and energy fell 0.8%.

On a yearly basis, industrial production expanded 1.6% in December, against the expected decline of 1.0% by the Journal’s economists.

Eurostat revised November’s figures to 2.4% on-month expansion, from a 2.3% jump previously. Upon the revision, industrial production dropped 1.4% on year in November rather than a gain of 1.5%.


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