Euro-Area Industrial Output Drops Most in More Than 3 Years
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Euro-area industrial production dropped the most in more than three years in September, led by double-digit declines in Portugal and Ireland.
Output in the 17-nation euro area fell 2.5 percent from August, when it increased 0.9 percent, the European Union’s statistics office in Luxembourg said today. Economists had projected a drop of 2 percent, according to the median of 35 estimates in a Bloomberg News survey. From a year earlier, September output slumped 2.3 percent.