Euro-zone manufacturing “outperforming in uneven recovery”; output jumps

14 December 2020

 

Summary: Euro-zone industrial production jumps in October; monthly figure slightly higher than consensus estimate; annual rate still negative; “manufacturing “outperforming in uneven recovery”; German, French, Spanish, Italian production all expand.   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 early 2016. Growth rates then fluctuated through 2016/2017 before beginning a steady and persistent...

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