FXstreet.com (Barcelona) - Euro Area's industrial sector continued weakening, as a consequence of the global economic slowdown, industrial output continued declining in November, to the point of reaching the largest year on year decline since records are collected, according to data released by Eurostat.

Industrial product dropped 1.6% in November from October, while year on year, industrial output fell 7.7%, the largest year on year fall since 1990.

November's decline has been the third consecutive fall, although the month on month decline has been somewhat softer than the 1.6% fall forecasted by market analyst. Year on year, market experts had forecasted a 5.8% decline.