European Industrial Output Drops 1.1%, Led by German Slump
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European industrial production declined in December led by a slump in Germany, adding to signs the region may have slipped into its second recession in three years.
Production in the 17-nation euro area fell 1.1 percent from November, when it remained unchanged, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop of 1.2 percent, the median of 36 estimates in a Bloomberg News survey showed. From a year earlier, production decreased 2 percent.