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Eurozone Factory Output Slows

Eurozone Factory Output SlowsEurozone Factory Output Slows

Eurozone industrial production growth eased at a faster-than-expected pace at the start of the year amid weaker gains in almost all sectors, preliminary data from Eurostat showed Tuesday, RTT reported. Industrial production rose 0.6% year-on-year following 2.5% growth in December, which was revised from 2%. Economists had forecast 0.9% gain. Non-durable goods output fell 2.6% after 1.4% gain, marking the first decline in three months. Capital goods production dropped 0.8% following 0.5% growth in December. The increase in intermediate goods output slowed to 0.8% from 3.6%. Growth in durable consumer goods production also eased to 1.5% from 4.3%.

 

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