Output slumps in euro-zone as capital goods production falls

15 February 2021

 

Summary: Euro-zone industrial production slumps; monthly figure lower than consensus estimate; annual growth slips; weakness concentrated in capital goods sector.   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 slowdown from the start of 2018. That decline was transformed...

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