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Thursday, November 12, 2009
Euro-zone Sep. Industrial Output Rises 0.3%
By William L. Watts
MarketWatch Pulse
LONDON -- Industrial production in the 16-nation euro zone saw monthly growth of 0.3% in September, the European Union statistics agency Eurostat reported Thursday. Compared to the same month last year, production declined 12.9%. Economists had forecast a 0.5% monthly rise and a 14.2% annual decline. Eurostat revised up its estimate of August industrial production to show a 1.2% monthly rise and a 15.1% annual decline. Eurostat previously estimated a 0.9% monthly August rise and a 15.4% annual drop.
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