Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Euro Area Industrial Output Falls 1.4% for October

Factory production fell 1.4% in the euro area in October, according to the European Union statistical commission, Eurostat, continuing a downward trend for industrial output in the recession-plagued region. In comparison with October 2011, production fell 3.6% year-over-year.

The decline was actually less than September's fall, when industrial output dropped 2.3%. However, capital goods fell by 3% in the euro area as well, joined by a 3.8% reduction in the production of durable consumer goods and a 1.5% fall in the production of energy.

Many of the euro area's most prominent nations suffered the hardest hits in October. Industrial production suffered the most in Ireland, falling more than 16%, but Italy, the third-largest euro area economy, already caught up in the sixth straight quarter of recession and the announcement of Prime Minister Mario Monti's early resignation, saw further bad news as factory output declined more than 6%. Germany's output also fell 3.8%, with France's down 3%. Germany, France, and Italy make up a significant majority of the euro area's industrial output, with their declines helping to push the overall production figure lower.

Outside of the common euro area, the United Kingdom also saw factory output dip 3.5% for October after it fell a similar amount in September.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2150626, ~/Articles/ArticleHandler.aspx, 10/28/2016 4:00:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,164.65 -5.03 -0.03%
S&P 500 2,127.01 -6.03 -0.28%
NASD 5,191.35 -24.62 -0.47%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes