EU Industrial Production fell by 0.7%

Friday, 12 August 2011 02:52

The month on month eurozone Industrial Production measures change in the total inflation-adjusted value of output produced by manufacturers, mines and utilities;  'June compared to May 2011 dropped by 0.7% in the euro area', eurostat news release reports.

Economists were expecting Industrial production to fall nonetheless, but only by 0.1%.

In June 2011, Industrial Production in Europe increased by 2.9% compared to last year's month of June.