Eurozone Industrial Production drops by 0.3% MoM in June vs. -0.2% expected

Eurozone’s Industrial Production in Germany showed a bigger-than-expected drop in June, the official data published by Eurostat showed on Thursday, suggesting that the recovery in the manufacturing sector is faltering

The industrial output in the bloc arrived at -0.3% MoM vs. a 0.2% drop expected and -1.1% last.

On an annualized basis, the industrial output rose by 9.7% in June versus a 10.4% increase expected and May’s 20.6%.

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