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Eurozone factories suffer further fall in fresh sign a slowdown has gripped the bloc


Eurozone factories suffer further fall in fresh sign a slowdown has gripped the bloc

City & Finance Reporter for the Daily Mail

Industrial production in the eurozone was 0.9 per cent lower in December than November, according to statistics agency Eurostat

Industrial production in the eurozone was 0.9 per cent lower in December than November, according to statistics agency Eurostat

Industrial production in the eurozone was 0.9 per cent lower in December than November, according to statistics agency Eurostat

Eurozone factories have seen production slump for the second month in a row, in a fresh sign that a slowdown has gripped the bloc.

Industrial production was 0.9 per cent lower in December than November, according to statistics agency Eurostat, following a 1.7 per cent fall the previous month.

There were particularly sharp falls in Malta, Ireland and Netherlands – all countries with close trading ties to Britain – suggesting that the fall may be partly linked to uncertainty over Brexit. 

Production across the monetary union has now fallen for four of the last six months recorded.

The eurozone grew by only 0.2 per cent in the final three months of 2018 as manufacturers suffered from a crackdown on global trade by US President Donald Trump.

 

 



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