Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Eurozone industrial output slows but figures still point to slight recovery

by

Mar 13, 2014 - 12:00 am GMT+3
No Image
by Mar 13, 2014 12:00 am
BRUSSELS – Eurozone industrial output was weaker in January than previous months, official data showed on Wednesday, but the underlying trend appears consistent with a very modest economic recovery in the single-currency bloc. Industrial output in the 18-nation eurozone fell 0.2 percent in January after a sharper drop of 0.4 percent in December when it had 17 members, the Eurostat statistics agency said.

However, in the full 28-country European Union, industrial output was up 0.1 percent, returning to positive territory after a drop of 0.4 percent in December, Eurostat said. Compared with Jan. 2013, eurozone industrial output was up 2.1 percent while the EU gained 2.4 percent. Germany, Europe's biggest economy, saw a rise of 0.4 percent in January, more than reversing a fall of 0.1 percent in December while struggling France was down 0.3 percent, still better than the previous month's drop of 0.5 percent. Non-euro Britain was up 0.1 percent after a gain of 0.5 percent in December. The eurozone escaped a record 18-month recession in the second quarter with overall economic growth of 0.3 percent but this slowed to a marginal 0.1 percent in the third before picking up again to 0.3 percent in the last three months of the year.

Jonathan Loynes, an economist with Capital Economics, said the figures amounted to a "disappointing soft start" to the year and were "another reminder that the eurozone's economic recovery remains fragile." "The 0.2 contraction in production was weaker than we had expected," Loynes said.

However, Howard Archer, from IHS Global Insight, said that while the figures marked a disappointing start to 2014 for manufacturing, "the underlying data was more reassuring" and pointed to an expansion in the sector. "With latest survey evidence from the purchasing managers reasonable, the overall impression is that the Eurozone manufacturing sector is currently on a modest recovery path," Archer said.

On Monday TurkStat released its Industrial Production Index for January.

According to the data, seasonal and calendar adjusted industrial production increased by 1.1 percent compared with the previous month.

Data released by TurkStat suggests that calendar- adjusted industrial production increased by 7.3 percent compared with the same month last year in Turkey.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Hot wheels, cool city: Formula One Turkish Grand Prix in Istanbul
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021