Economics
Euro-Area Production Slump Adds to Gloom for Economic Outlook
- Industrial output falls more than expected in November
- Decline was broad-based across Germany, France, Italy & Spain
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Industrial output in the euro area fell the most in almost three years in November, raising questions over the economy’s ability to regain momentum after a broad-based slowdown.
Production dropped 1.7 percent in November, more than economists predicted, underlining the impact from a range of temporary and structural factors -- from dry weather to softer global demand.