Eurozone Industrial Production showed bigger-than-expected drop in July, the official data showed on Wednesday, suggesting that the manufacturing sect
Industrial Production showed a bigger-than-expected drop in July, the official data showed on Wednesday, suggesting that the manufacturing sector is losing its recovery momentum.
The bloc’s annual Industrial Production declined 2.2% in July, compared with a 1.1% decrease in June and expectations of a 0.3% drop.The shared currency is unfazed by the below-forecast German industrial figures. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties.
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