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Surprise fall in eurozone industrial output
Eurozone industrial output unexpectedly fell sharply in October raising fresh questions about the prospects of recovery and the European Union’s handling of the economic crisis. Industrial production had been expected to show small but incremental signs of a return to sluggish growth in the EU’s single currency area but the latest figures are the worst since the height of the eurozone crisis. Industrial production in the 17 countries using euro dropped 1.1pc in October in the biggest monthly decline since September 2012 confounding predictions of a 0.3pc rise. On an annual basis, eurozone production in October ... (full story)