Industrial production in the eurozone fell further than expected in December, while a November rebound turned out to be less dramatic than previously estimated, dpa cited data released Wednesday as showing. Output dropped by 0.7 per cent in December, after rising by a revised 1.6-per-cent in the previous month, according to EU statistics office Eurostat. The November increase had originally been estimated at 1.8 per cent. Compared with December 2012, eurozone output increased by 0.5 per cent in the final month of 2013. The latest output data could dampen hopes that the now 18-member eurozone, which expanded last month to take in Latvia, is starting to turn the corner. Industrial production also fell by 0.7 per cent in the broader 28-member European Union, after growing by a revised 1.3 per cent in November.
