Rise in eurozone industrial production points to recession’s end

October 14th, 2009 Euro industry output rises 0.9 percent in AugustBRUSSELS — Industrial output in the 16 nations that use the euro rose 0.9 percent in August from a month earlier, the EU statistics agency said Wednesday, suggesting the region's economy is recovering gradually. Higher production of durable consumer goods, including household appliances, was the main force behind the monthly climb, Eurostat said.

September 16th, 2009 Summary Box: Industrial production rose last monthMORE GROWTH, NO INFLATION: Government data show the nation's factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check.

September 1st, 2009 BERLIN - Unemployment in the 16-member eurozone hit a 10-year high in July, data released Tuesday showed. The European Union's statistics office Eurostat said that another 167,000 people were unemployed in the eurozone during July, pushing the jobless rate up to 9.5 percent from 9.4 percent June.

August 21st, 2009 BERLIN - The economic gloom which descended on Europe over the last 12 months is slowly continuing to lift, with key surveys released Friday showing industry confidence gaining ground this month. The economics research group Markit said its composite purchasing managers' index (PMI) for the 16-member eurozone showed the currency bloc's economy edging its way towards expansion this month after posting its seventh consecutive rise.

August 12th, 2009 NEW DELHI - Industrial production sector has recorded a 7.8 per cent growth in June as compared to 2.7 per cent a month before. Led by a recovery in manufacturing sector, which accounts for two-thirds of the industrial production, the 7.3 per cent growth indicates a return of consumer demand in the market.

August 12th, 2009 BRUSSELS - Industrial production in the 16-nation euro area posted a monthly decline of 0.6 percent in June and plummeted by 17 percent when compared to the same month last year, data released Wednesday showed. The European Union statistics office (Eurostat) said month-on-month output in the 27-member European Union also fell, by 0.2 percent.

July 31st, 2009 BERLIN - Inflation in the 16-member eurozone tumbled deeper into negative territory in July, data released Friday showed, presenting the European Central Bank (ECB) with a fresh challenge as it attempts to spur growth in the currency bloc's economy. The European Commission's statistics office Eurostat's preliminary figures showed consumer prices fell more than forecast from minus 0.1 percent in June to minus 0.6 percent this month.

July 10th, 2009 NEW DELHI - India's infrastructure development is likely to be one of the key drivers of industrial activity, which will see an upturn in a few months, the research arm of Moody's said Friday. Indias industrial performance thus far in the financial year has been stronger than expected.

June 30th, 2009 BERLIN - Inflation in the 16-member eurozone has slipped into negative territory for the first time since the currency bloc was formed a decade ago, data released Tuesday showed. After sliding to zero in May, annual seasonally adjusted inflation in the 16-member eurozone dipped to minus 0.1 percent in June, the European Commission's statistics office Eurostat said.

June 12th, 2009 NEW DELHI - The rise in India's industrial production in April points to stabilisation of the industrial sector, which will continue to grow in coming months, says the economic intelligence arm of global rating agency Moody's. The Index of Industrial Production (IIP) rose 1.4 percent in April as against a decline of 0.75 percent in March, data released here Friday by the government said.

May 28th, 2009 BRUSSELS - Belgium Thursday joined Germany, Portugal, Ireland and Spain in posting a drop in consumer prices, highlighting concerns that the 16-member eurozone may soon slide into deflation as a result of the global recession. Belgian consumer prices fell in May from April, by 0.37 percent, for the first time since December 1960.

April 16th, 2009 BERLIN - European industrial production plunged by an annual 18.4 percent in February, according to data released Thursday, amid dwindling inflationary pressures and signs that the global recession has tightened its grip on the region's economy. The European Union's (EU) statistics office, Eurostat, said the sharp fall in industrial production in the 16-member eurozone followed a 2.3 percent drop in February compared with January.

March 12th, 2009 NEW DELHI - India's industrial production fell 0.5 percent in January to log a decline for the second month in a row, despite the stimulus packages announced by the government to pump prime the economy in the wake of the global slowdown. The slide, based on the official data on index of industrial production released by the industry ministry Thursday, was on account of a 0.8 percent drop in manufacturing index and a 0.4 percent fall in the index for mining.

February 11th, 2009 NEW DELHI - After a marginal recovery in November, India's industrial production fell 2 percent the next month with no signs of abatement in the impact of the global meltdown on the country's economy. Data on the Index of Industrial Production (IIP) released Thursday also showed that the index for manufacturing, that has the maximum weight, fell 2.5 percent, versus 8.6 percent in the like month of previous fiscal.

January 5th, 2009 BERLIN - European inflation plunged to its lowest level in more than two years in December, data released Tuesday showed, adding to the pressure on the European Central Bank (ECB) to deliver further cuts in interest rates. Preliminary data released by the European Union's (EU) statistics office showed annual inflation in what was then the 15-member eurozone dropped from 2.1 percent in November to a lower-than-forecast 1.6 percent last month.