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Weak European indicators spark market retreat

By , on March 13th, 2013

<!– google_ad_section_start –> LONDON (AP) — Global stocks drifted lower on Wednesday as weak economic indicators out of Europe encouraged investors to take a breath after a remarkable market rally over the past week. Official statistics showed that industrial production across the 17-country eurozone fell by 0.4 percent in January, worse than analysts’ predictions for an unchanged reading. Both Germany and France, the two industrial powerhouses in the region, registered drops in production, suggesting the sector is contributing to keeping the eurozone in recession. <!– google_ad_section_end –>

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Weak European indicators spark market retreat

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