Euro-zone industrial production drops 2% in October

14 December 2022

 

Summary: Euro-zone industrial production down 2.0% in October, fall greater than expected; annual growth rate drops from 5.1% to 3.4%; “another indication” of euro-zone recession ahead; German, French 10-year yields up modestly; contraction in all four largest economies. Following a recession in 2009/2010 and the debt-crisis which flowed from it, euro-zone industrial production recovered and then reached a peak four years later in 2016. Growth rates then fluctuated for two...

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