Eurozone industrial production beats forecasts in November
There's finally some good news from the embattled Eurozone, after its factories posted a surprise increase in output.
Eurozone industrial production climbed 0.2 per cent in November, defying economists' forecasts for no growth.
Industrial production was just 0.4 per cent lower than a year ago, which beat economist' estimates of a 0.7 per cent decline.
Last month's 0.1 per cent gain was revised up to 0.3 per cent, and its annual figure marked up from 0.7 per cent to 0.8 per cent.
Today's news will provide some hope for the Eurozone economy which is struggling with falling prices, a persistently high unemployment rate and anaemic growth.
(Source: Eurstat)