Eurozone June Industrial Output Drops

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Wednesday, the Eurostat said in a report that the Eurozone industrial production decreased 17% year-over-year in June, compared to the 17.6% fall in May, revised from 17% decline reported initially. Economists were looking for a decline of 16.4%.

On a monthly basis, industrial production dropped 0.6% in June, in contrast to the 0.6% increase in the previous month. The May month figure was revised from 0.5% growth estimated previously. Economists had expected an increase of 0.2%.

In EU27, industrial output decreased 0.2% from May and slid 15.6% on a yearly basis.

Wednesday, the Eurostat said in a report that the Eurozone industrial production decreased 17% year-over-year in June, compared to the 17.6% fall in May, revised from 17% decline reported initially. Economists were looking for a decline of 16.4%. (Market News Provided by RTTNews)