Gate.io: Eurozone industrial sector still unable to expect recovery

On January 15th, Golden Data News, Dutch international analyst Bert Colijn warned that the industrial sector in the eurozone cannot expect a recovery. Data released on Wednesday showed that factory production in the eurozone rose by 0.2% in November, continuing a similar increase from the previous month. However, Colijn said that this positive trend does not yet prove that the struggling industry will continue to rebound. He said, “Global demand for eurozone products remains weak, inventories are still at historically high levels, new orders have not improved, and energy-intensive industries are struggling to cope with the continuously rising energy prices.”