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Economy And The Numbers

Eurozone Industrial Production Declines For First Time In 4 Months

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurozone industrial production declined for the first time in four months in July driven by the deterioration in capital goods and durable consumer goods output, data from Eurostat showed on Wednesday.

Industrial output fell 1.1 percent on a monthly basis in July, in contrast to the 0.4 percent rise in June.

This was the first fall since April and also the biggest decline since March, when output was down 4.5 percent. Moreover, the rate was bigger than the expected 0.7 percent decline.

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