Italian industrial output continues to climb
Industrial output climbed 0.7 percent from October,and jumped 3.2 percent from November 2015, national statistics office Istat said.
The better than-expected data compares with a 0.2 percent monthly gain forecasted by the median estimate in a Bloomberg survey of 20 analysts. Production made a 0.1 percent gain in October.
November's monthly growth was driven by a 2.4 percent surge in energy and a 1.1 percent rise in intermediate goods, while consumer goods production declined 0.9 percent, according to Istat.
The Italian data gelled with an unexpected spurt in industrial output across the 19-member eurozone in December: 1.5 percent on the month and 3.2 percent year-on-year, official figures showed.
Euro zone consumer confidence also reached a 20-month high in December and has been rising for four consecutive months, according to European Commission estimates.-Agency