• Friday, August 19, 2022

Business

Eurozone Factory Output Falls for Second Straight Month in July

Industrial production in the Eurozone edged down beating the estimates for the second continuous month in July 2018 when compared to its previous month (Photo Credit: JOHANNES EISELE/AFP/Getty Images)

By: Radhakrishna N S

Industrial production in the Eurozone edged down beating the estimates for the second continuous month in July 2018 when compared to its previous month. The continues fall in the output may be a signal for a possibility for an economic slowdown in the third quarter. In July 2018 compared with June 2018, seasonally adjusted industrial production fell by 0.8 per cent in the euro area (EA19) and by 0.7 per cent in the EU28, according to estimates from Eurostat, the statistical office of the European Union released on Wednesday (12). In June 2018, industrial production fell by 0.8 per cent…

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