Industrial Production Down in Eurozone
Posted on Monday, December 14, 2009
Thank you for using rssforward.com! This service has been made possible by all our customers. In order to provide a sustainable, best of the breed RSS to Email experience, we've chosen to keep this as a paid subscription service. If you are satisfied with your free trial, please sign-up today. Subscriptions without a plan would soon be removed. Thank you!
RTT News details: Eurozone industrial production declined in October hurt by plunging demand for durable and non-durable consumer goods, pointing to meager support to GDP growth in the fourth quarter.
Industrial output in the 16 nation currency bloc fell by a seasonally adjusted 0.6% in October compared to the previous month, reversing the revised 0.2% rise in September, a report from Eurostat revealed Monday. Production thus declined after rising for five consecutive months.
However, the actual drop for October was slightly smaller than the 0.7% decline expected by economists. The statistical office revised the monthly growth for September from 0.3%.
Glass Half Empty
Strong improvement witnessed over recent months is losing momentum. BNP Paribas economist Clemente De Lucia noted that the impact of car incentive schemes is starting to ease and will not be felt anymore next year.
Glass Half Full
However, according to Martin van Vliet, an economist at ING, it is premature to conclude that the industrial recovery is seriously losing momentum as less volatile three-month rate of change remained firmly in positive territory. Economist forecast Eurozone GDP to expand at a fairly healthy clip in the fourth quarter.
Source: Eurostat
--
Source: http://econompicdata.blogspot.com/2009/12/industrial-production-down-in-eurozone.html
~
Manage subscription | Powered by rssforward.com
Comments
Calendar
Tag Cloud
Archives
-
▼
2009
(196)
-
▼
December
(38)
- On the Change in Q3 GDP
- EconomPics of the Week: See You in 2010 Edition
- Help Jake Understand: Can Capacity Reduction be Go...
- The Great (Two Week Glimpse of What Can Happen) Un...
- Leading Economic Indicators Strong in November
- State Personal Income Rebound
- Capacity Destruction?
- Consumer Price Index... Up, but (Seemingly) Contained
- Treasury Debt to Receipts over the LONG Term
- Capacity Utilization and Production on the Rise
- PPI Jumps from Energy Prices in November
- On the Timing / Importance of Stock Buybacks
- On the Timing / Importance of Stock Buybacks
- Industrial Production Down in Eurozone
- Treasury Debt to Receipts Spiking
- EconomPics of the Weeks (12/11/09)
- Retail Sales Strong in November
- Wealth Rebounds in Q3... Is It Sustainable?
- Treasury Budget: "Only" $120.3 Billion Deficit
- Trade Balance Improves in October
- Inventory Correction Isn't "Real" in October
- Can't Get a Job? Here's Why...
- The Real Lost Decade: Japanese GDP Edition
- Temporary Help as a Predictor of Broader Hiring
- Deleveraging Consumer and Economic Growth
- On the Value in Housing
- Income Disparity
- Payroll and GDP
- EconomPics of the Week: Recovery Edition?
- 2009-12-04T06:34:18.690-08:00
- Random Blip or Double Dip?
- Historical Spreads
- Still Shedding Jobs
- Autos and Emerging Markets
- Equities Lost Decade
- Private Construction Slump Continues
- Manufacturing Continues to Expand, but at Slower Pace
- European Unemployment Remains at 11 Year High
-
▼
December
(38)

Leave a Reply