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Wednesday, August 12, 2015

Germany's industrial slump dragged down all of Europe in June

The latest eurozone industrial production figures have just been released for June, and they're disappointing. Production fell 0.2% from May and rose by just 1.2% from June last year. Analysts were expecting a decline of 0.2% on the month, which would have left production 1.5% higher than it was a year ago. We've already seen the German industrial production figure, and it wasn't pretty. Analysts had expected a 0.4% rise from May, which actually turned out as a 1.4% slump. That leaves German industrial production up by a meagre 0.6% year-on-year.Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy


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