Eurozone industrial production unexpectedly falls

|By:, SA News Editor

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)

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