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Euro-Area Factory Output Unexpectedly Falls, Led by Energy

Euro-area industrial production unexpectedly declined in January as energy output dropped, underscoring the fragility of the currency bloc’s recovery from a record-long recession.

Factory output in the 18-nation euro zone slipped 0.2 percent from December, the European Union’s statistics office in Luxembourg said today. The median forecast in Bloomberg News survey of 39 economists was for a 0.5 percent increase. From a year earlier, production rose 2.1 percent.