Euro-Zone Economic Worries Intensify

thenews 2013.02.13 18:22

Industrial production in the euro zone fell at its sharpest quarterly rate in more than three years at the end of last year, despite rising in December, stoking fears of a third consecutive quarterly economic contraction.

But data released on Wednesday suggested the euro-zone economy reached a low point in November and could be showing early signs of recovery, as production in Germany, the currency bloc's biggest single economy, rose in December after falling for four consecutive months.

Figures released on Wednesday by statistics agency Eurostat showed euro-zone industrial production rose 0.7% on the month in December