Seeking Alpha

Eurozone industrial production unexpectedly falls

  • Eurozone industrial production returned to contraction in July, tumbling to -1.5% on month from +0.6% in June and missing consensus of +0.1%.
  • On year, output -2.1% vs -0.4% and -0.1%.
  • The worse-than-expected figures bring into doubt the sustainability of the eurozone's nascent recovery from recession and are somewhat in contrast to more upbeat PMI data.
  • The euro takes a tumble and is now -0.2% at $1.3287. (PR)
  • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
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Comments (1)
  • User 353732
    , contributor
    Comments (5046) | Send Message
     
    The Eurozone has been stagnating for a decade now and yet it keeps pursuing the same failed policies, expecting growth.
    Given the secular demographic decline in all parts of Europe(except the UK) stagnation with brief episodes of false growth is now the EuroNorm
    12 Sep 2013, 07:07 AM Reply Like
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