Rising industrial production in the euro rone

Increased rates of indusstrial production unexpectedly countries of the euro area last Nevember.The decided the European Central Bank on Thursday to keep interest rates at their current level. The European Statistics Agency ( Eurostat ) The industrial production in the region , which includes 16 of the 27 member states of the European Union rose last November -after accounting for seasonal changes - increased by 1% compared to October last year , while the expectations of the experts indicated an increase of 0.5% only. As rhe angency corrected low rates of industrial production in October last from -0.6% to -0.3%. On the other hand decided that the Board of Governors of the European Central Bank during its regular meeting to review the monetary policy to keep rates at their current level 1% , the lowest level ever. The bank's decision was consistent with the expectations of experts , where the economies of the euro began to recover with a weak inflationary pressures significantly. It is worth mentioning that the interest rate increase will increase the burden on companies whent obtaining loans , which is also reflected negatively on the consumer , and that the reduction of lending would lead to high rates of inflation. On a related development , the National Statistical Office of Spain at Madrid on Thursday that the rate of inflation , according to the index of the common retail price in the euro area showed an increase of 0.9% in December compared to the same month in 2008. The consumer prices in Spain rose last November by 0.4% .On a monthly basis prices had been stable in the last month , after rising in November.