Eurozone sees slip in industrial output

The volume of goods leaving factories in the eurozone declined in June 2009 after rising for the first time in many months in May 2009, a sharp reminder of the fragility of the economic stabilisation being seen in the 16-country region.

Nevertheless, other leading indicators – including business confidence surveys and a recent surge in orders reported by German manufacturers – have in past weeks persuaded economists that the worst may be over for the eurozone.

ESO: Background information: Eurozone output up for first time in a year http://www.europeansources.info/record/eurozone-output-up-for-first-time-in-a-year/

Eurostat: News Release No.116, 2009: Industrial production down by 0.6% in euro area http://ec.europa.eu/eurostat/en/web/products-press-releases/-/4-12082009-AP

BBC News, 12.8.09: Eurozone factory output setback http://news.bbc.co.uk/1/hi/business/8197368.stm

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