Euro Area Industrial Production Rises by 1.2% in December

Industrial Production in the euro area increased by 1.2% on a monthly basis in December, Eurostat reported on Wednesday. This reading followed November’s expansion of 2.4% but surpassed the market expectation of 0.3%. In the EU, Industrial Production was up 0.7%.

On a yearly basis, Industrial Production in the euro area and the EU grew by 1.6% and 2.5%, respectively.