The eurozone economy showed further signs of resilience on Monday, with a fall in regional unemployment and rising German industrial production suggesting political headwinds have yet to knock the area’s recovery off course.
Unemployment across the 19-country region was 9.8 per cent in November — its lowest level since July 2009. In Germany, the largest eurozone economy, industrial production rose 0.4 per cent in November, following a higher than expected revised figure for October.
The data are the latest signal that a series of political shocks, including the UK’s decision to leave the EU, Donald Trump’s victory in the US presidential election and the resignation of Italy’s prime minister Matteo Renzi following a failed referendum on constitutional reform, have yet to dent confidence in the recovery.