European industrial production falls in June

By DPA,

Brussels : Industrial production in the 16-nation euro area posted a monthly decline of 0.6 percent in June and plummeted by 17 percent when compared to the same month last year, data released Wednesday showed.


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The European Union statistics office (Eurostat) said month-on-month output in the 27-member European Union also fell, by 0.2 percent. Year-on-year, it fell by 15.6 percent.

Industrial production in the euro area has been falling steadily since last year, except in May, when it posted a revised month-on-month rise of 0.6 percent.

Figures for the EU’s four biggest economies were mixed. In Italy, industrial output fell by a monthly rate of 1.2 percent, while output was steady in Germany. Production rose by 0.5 percent in France and by 0.3 percent in Britain.

The biggest monthly drop – 2.7 percent – came in Denmark, while Ireland’s industrial production surged 9.3 percent from May.

Wednesday’s figures came a day before Eurostat was due to release its preliminary estimates for European gross domestic product in the second quarter.

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