Eurozone's industrial output falls by 0.7% in Decemper

Seasonally adjusted industrial production in the eurozone and the European Union both fell by 0.7 percent in December 2013 compared to November, the European Union (EU)'s statistics office Eurostat said on Wednesday. The downward industrial output in both areas was seen mostly in production of capital goods, which fell significantly by 2.1 percent and 1.9 percent in the eurozone and the EU respectively month-on-month. Production of energy decreased by 2.1 percent and 1.5 percent in the eurozone and the EU respectively, data showed. On an annual basis, industrial production in November rose by 0.5 percent and 0.9 percent separately in the single currency area and the EU, said Eurostat. Among member states for which data were available, industrial production rose in 10 countries and fell in 13. Germany, the biggest economy in the EU, posted a drop of 0.7 percent.