Industrial production surprises with a higher than expected rise in November

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The Euro zone industrial production rose 2.5% last November, notably improving the expected 0.2% increase and surpassing the 2.3% rise in October (revised up from 2.1%).

This is the seventh consecutive month of increases for the indicator, and the biggest rise seen since last July.

He YoY indicator fell 0.6%, improving on the expected decline of 3.3% and the previous fall of 3.5% (revised from -3.8%). This is the most moderate drop seen since April.

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