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Eurozone industrial production declined at a faster-than-expected pace in July driven by widespread weakness across sub-sectors, official data showed Thursday.
Industrial output fell 1.5 percent in July from a month ago, reversing a 0.6 percent rise in June, Eurostat reported. It was forecast to fall by 0.3 percent.
Production of intermediate goods slipped 0.7 percent and energy output declined 1.6 percent. Output of capital goods and durable consumer goods declined by 2.6 percent and 2.2 percent, respectively. Non-durable consumer goods output was down 0.9 percent.
On a yearly basis, the decline in industrial output deepened to 2.1 percent from 0.4 percent in June. The rate exceeded consensus for 0.2 percent fall.
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