The eurozone's industrial output fell a greater-than-expected 0.5% month-to-month in September, adding to recent signs of softness in the barely growing regional economy. "We don't think that today's figures cast doubt over the recovery in Europe, but it certainly shows that growth remains stuck in first gear. ... The weakness of the upturn means that not much is needed to stop it," said Peter Vanden Houte, chief eurozone economist at ING.

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