Eurozone: Industrial production rebounds more than expected in November

  • Industrial production expands more than expected in November.
  • Activity recovers after the setback in October.
  • The trade balance registered a lower-than-expected deficit in November.

In the Eurozonethe Industrial production in November it recorded an expansion of 1%, exceeding the 0.5% expected and representing a recovery from the contraction of 1.9% in October. Compared to a year ago, it was 2% higher.

In another report it was known that the balance of trade it had a deficit of 15,200 million euros in November, less than the 34,000 million expected and the 28,000 million of October.

In Germanythe statistics office reported that the economy grew 1.9% in 2022, with GDP stagnating in the fourth quarter as a result of the war in Ukraine and rising energy prices, the statistics agency reported.

Source: Fx Street

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