9/12, 11:01 AM (Source: TeleTrader)
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Eurozone's industrial production down by 0.4% in July

Industrial production in the Eurozone was 0.4% lower in July compared with the previous month and 2% lower on an annual basis, Eurostat said in a report on Thursday. The figure marks a slowdown in contraction after industrial output fell 1.4% in June.

In the europ area, the output of capital goods was up by 1.8% while non-durable consumer goods led in the downfall, followed by energy production. Romania recorded the largest monthly contraction in the bloc, at 3.3%, while Croatia performed best as it upped production by 4.9%. Annually, Estonia and Germany were down 5.4% and 5.3% in industrial production, as Hungary's output jumped 8.7%.

In all of the European Union, the industry produced 0.1% less month-on-month and 1.2% year over year, the data showed.

Breaking the News / NI