Euro zone industrial output tumbles more than expected in December
Share:
BRUSSELS (Reuters) - Euro zone manufacturing output plunged more than expected in December ending a weak quarter for the single currency area, official estimates showed on Wednesday.Industrial production fell 2.1% month-on-month in the 19-countries sharing the euro, the EU statistics agency Eurostat said, in a slump that was worse than the 1.6% fall predicted by economists polled by Reuters.Year-on-year, output fell 4.1% -- much more than market forecasts of a 2.3% drop.The negative monthly..