World Economy

Feeble Rise

Feeble RiseFeeble Rise

Industrial output in the eurozone rose a very slight 0.1% in October, official data showed, in another sign that the European economy remains stalled. The feeble rise in factory output data was a slowdown from the previous month, when industrial activity rose a still-low half percent, AFP reported. The state of the eurozone economy continues to be a major source of worry around the world, with increasing fears Europe could sink into a long period of Japan-style deflation just as the outlook for the US economy improves further. Underscoring concern, financial markets have been in retreat on fresh worries about Greece, struck by a new political crisis.