Brendan Keenan: French, Italian output slows as German figure races ahead 4pc
Published 11/12/2010 | 05:00
FRENCH and Italian industrial production unexpectedly fell in October, at the same time as German statistics suggested growth in the eurozone's biggest economy could approach 4pc this year.
The German performance puts pressure on the ECB to start moving towards normal interest rates, instead of the current crisis level of 1pc.
But the divide with most of the rest of the 16-nation zone will make monetary policy very difficult for the central bank.