Global Economic News

Eurozone Industrial Output Falls Unexpectedly

Eurozone industrial output declined unexpectedly in May largely due to the fall in durable consumer goods production, official data revealed Wednesday.

Industrial production slid 0.2 percent month-on-month, in contrast to the 0.3 percent rise in April, Eurostat reported. This was the first decline in four months and came in contrast to the 0.3 percent expected increase.

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by Renju Jaya

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