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Eurozone industrial output surges in November

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January 14, 2014 05:49 AM EST | AP


BRUSSELS (AP) — Official figures show industrial output across the eurozone rose in November at the strongest monthly rate since May 2010, in the latest sign that growth across the region may be picking up.

Eurostat, the EU's statistics office, says Tuesday that industrial output in the then 17-country eurozone rose by 1.8 percent compared with the previous month, ahead of market expectations for a 1.3 percent increase.

The rise was fairly broad-based with the core economies of Germany and France posting healthy gains. The standout performance was Ireland, which saw output surge 11.7 percent.

A run of economic figures lately has suggested that the recovery from recession is gaining traction. Figures for the fourth quarter are due next month.

Latvia became the 18th euro country at the start of this year.