industry companies in the Eurozone have scaled back their production by the end of 2019 as strong as for nearly four years.
In December, production fell compared to November by 2.1 percent, announced the statistics office Eurostat in Luxembourg.
analysts had expected a strong shock, but were assumed to be on average of a decline of 2.0 percent. The December decline was the sharpest month-on-month since February, 2016. With Stock Selection in Europe, you will achieve excess Returns with System! (Partner offer) Now 30 days free of charge test!
data of the previous month-to-bottom
corrected Also revised Eurostat data for November down. In a monthly comparison, the production had stagnated accordingly. Previously, a rise of 0.2 percent had been reported. In the annual comparison, production in December fell by 4.1 percent.
Particularly strong for the December setback was the capital goods. Here, Eurostat reported in month compared to a decline of 4.0 percent. In the case of the consumption goods production fell below average.
The strong decline in production in the Euro zone had already indicated. Previously, production had been data from Germany, France, Italy and Spain disappointing.
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man/dpa
