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Eurozone industrial output falls for first time in 4 months

Staff Writer |
Eurozone industrial production declined for the first time in four months in June, Eurostat reported Monday.

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Industrial production decreased 0.6% month-on-month in June, reversing a revised 1.2% rise in May. This was the first decrease since February, when output slid 0.2%.

The monthly fall was largely driven by a 1.9% decrease in capital goods and 1.2% fall in durable consumer goods. Output of intermediate goods and non-durable consumer goods fell 0.3% and 0.4%, respectively.

Energy production was the only component to log a monthly growth, which gained 1.8%.

Year-on-year, industrial production growth eased more-than-expected to 2.6% in June from 3.9% in May. The expected growth rate was 2.8%.