LONDON (AP) — Industrial output across the 17 European Union countries that use the euro fell in November for the third straight month, official figures showed Monday, raising fears that the recession in the region has continued into the last three months of 2012.
The 0.3 percent monthly decline reported by Eurostat, the EU’s statistics office, was worse than expected and felt across the whole economy. The consensus in the markets was that output would increase a modest 0.1 percent during the month.
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