By Ed Frankl
Industrial output in the eurozone contracted for the third month in a row November, reflecting the continued downturn in the sector.
Total production fell 0.3% on month in November, according to figures published Monday by European Union statistics agency Eurostat, after a 0.7% decline recorded in October. It matched expectations of economists polled by The Wall Street Journal.
Durable consumer goods led the decline, with output falling 2.0%. Production of intermediate goods declined 0.6% while for capital goods it tumbled 0.8%. Energy production, however, recorded a rise in output of 0.9%.
However, there has been evidence that recent struggles in the industrial sector in the eurozone could be bottoming out. A key survey of purchasing manufacturers said sentiment rose in December in the manufacturing industry.
Among larger eurozone nations, output dipped on month by 0.3% in Germany and 1.5% in Italy, but expanded by 0.5% in France and 1.1% in Spain.
Write to Ed Frankl at edward.frankl@wsj.com
