|
BRUSSELS, Jan. 12 (Xinhua) -- The 19-country Eurozone saw a stronger-than-expected industry output in November last year, official data showed Thursday, fueling expectation of accelerating year-end economic growth.
The seasonally adjusted industrial production rose by 1.5 percent month on month in the single currency bloc, said the Eurostat, the statistics office of the European Union(EU). On a yearly basis, the bloc recorded a surge of 3.2 percent, the strongest since January.
In the wider 28-country EU, the industrial output rose by 1.6 percent monthly and 3.1 percent yearly in November.
November's rise added to the evidence that gross domestic product growth picked up in the forth quarter in 2016. "But while industrial growth might accelerate further in the near term, this is unlikely to prevent a broader economic slowdown in 2017," said Jack Allen, European economist at the Capital Economics. Enditem
