Eurozone Industrial Output Steadies in June

Aug. 13, 2008
On a yearly basis however, output fell by 0.5%.

Eurozone industrial production steadied in June from the May level which had shown a sharp fall, data from the EU statistics office Eurostat showed on August 13.

But on a 12-month basis, industrial output fell by 0.5%.

Analysts polled by Dow Jones Newswires had broadly expected a slightly stronger performance, expecting a monthly increase of 0.1%, and a rise of 0.2% on a 12-month basis.

Eurostat revised its data for May, to show a slightly smaller setback of 1.8% in the month instead of minus 1.9%, and of a fall of 0.4% on a 12-month basis instead of 0.6%.

Copyright Agence France-Presse, 2008

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