Euro Zone Production Output falls on Italian and French weak figures

Eurozone input for the month of July shows a -0.4% performance as declines in output in France and Italy have outweighed Germany´s increased activity, according to a report published by Eurostat.

Economists polled by AFX News had forecasted a decline by 0.3%. This decline follows a flat performance of June and a 1.7% increase registered in May. Year-on-Year basis, output growth has slowed down to 3.2% in July from 4.4% in June and 5.2% in May.

Germany industrial output has increased 1.1% un July but this good figures have been overshadowed by France´s 1.3% decline and Italy´s fall by 0.3%. Portugal recorded a 5.5% fall. By sectors, only energy got positive numbers, all the other sectors recorded declines.