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Euro zone industrial production falls more than expected in December

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - Euro zone industrial production fell more than expected in December, official estimates showed on Wednesday, pulled down by a drop in the output of capital goods, used for investment.The European Union's statistics office Eurostat said industrial output in the 19-country currency union fell 0.9 percent month-on-month for a 4.2 percent year-on-year decline. Economists polled by Reuters had expected a 0.4 percent monthly fall and a 3.2 year-on-year decline.Eurostat said the production of capital goods, like machinery, fell by 1.5 percent in December against November and ...

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First Published: Wed, February 13 2019. 15:40 IST