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Eurozone Industrial Production Falls For Second Month

Eurozone industrial production decreased for the second straight month in July, Eurostat reported Wednesday.

Industrial output slid 0.8 percent month-on-month in July, the same pace of decline as seen in June. Economists had forecast a moderate drop of 0.5 percent.

All components of industry except energy and capital goods contracted from a month ago. Energy and capital goods output climbed 0.7 percent and 0.8 percent, respectively.

Intermediate goods output dropped 0.8 percent, durable consumer goods production declined 1.9 percent and non-durable consumer goods by 1.3 percent.

On a yearly basis, industrial production decreased 0.1 percent, in contrast to a 2.3 percent rise in June and the expected growth of 1 percent.

by RTTNews Staff Writer

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