Thursday, 13 December 2012

Euro Area Industrial Production Continues to Tank

The euro area industrial production index for October 2012 fell 3.9% on October last year according to figures released by Eurostat. It represented the 11th consecutive month of year-on-year (YoY) declines for the index with the 3.9% drop for the month being the largest decline this year. The value of the index for the month of 96.12 (April 2005=100) was the lowest reported since April 2010.