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Eurozone industrial production plunged by a seasonally adjusted 1.7% in December from November, the Eurostat reported Friday. Economists had expected the monthly growth to ease to 0.1% in December. In November, production had increased by 1.4%, revised up from 1%.
Year-on-year, industrial output was down 5%, smaller than the revised 6.9% decrease in November. Economists expected only 1.7% fall. The decline for November was revised from 7.1%. In 2009, the average production index slipped 14.9% in the Euro area.
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