You are here: Home » Reuters » News
Business Standard

Euro zone industry output in surprise fall due to Germany, Italy

Reuters  |  BRUSSELS 

By Francesco GuarascioBRUSSELS (Reuters) - Production at factories in the euro zone dropped in July for a second consecutive month and by more than expected, in what could herald a possible slowdown of the bloc's economy in the third quarter, official data released on Wednesday showed.The fall was mostly caused by bad data from Germany, the bloc's largest economy, and Italy, which has gone through a stormy summer with market jitters over large spending plans of its new eurosceptic government. The European Union statistics agency Eurostat said industry output in the 19-country currency bloc ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, September 12 2018. 16:23 IST