Thursday, September 12, 2013

Industrial output down

Economic growth across the 17 European Union countries grew by 0.3% in the second quarter following a six-quarter recession. Eurozone economy was poised for a solid rebound from recession, but Eurostat reported that industrial output slumped 1.5% in July from the previous month. The largest decreases in industrial output were registered in Ireland -8.7%, Malta -6.7%, Portugal -3.2%, Greece -2.8% and Germany -2.3%.

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