Eurozone economy registers surprisingly strong growth spurt
Industrial output rises 1.5% on the month, 3.2% y-o-y as firms step up production before Christmas
Warsaw
INDUSTRIES across the eurozone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some European Central Bank (ECB) policymakers expect.
Eurozone industrial output in the 19-country currency bloc rises 1.5 per cent on the month and 3.2 per cent year on year as firms stepped up production before Christmas. Both figures were far better than expected.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thai business lobby joins rate cut call as it trims GDP forecast
Indonesia sees more capital inflows after April rate hike: central bank governor
Malaysia eyes ‘orangutan diplomacy’ with nations that import palm oil
Malaysia to assess response to unilateral sanctions amid concern over Iran oil shipments
Trade between Singapore and Asean was at S$295.6 billion in 2023
UK passport control hit by outage, causing long waits at airports