Eurozone factory output slides

03/13/2013 | Wall Street Journal, The

Eurozone factory output retreated 0.4% in January, swinging from a 0.9% gain the month before and providing further evidence that the region's long-running recession will extend into the current quarter. The drop exceeded the 0.1% decline predicted by economists. "Falling demand within the eurozone was the key drag on production at the end of last year and will remain so at least in the opening months of 2013," said Anna Zabrodzka, a Moody's Analytics economist, who also noted that a strong euro moving forward is likely to stifle exports.

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