Shock dip for EU industrial firms

FURTHER signs that industrial production slumped in May emerged yesterday, with French and Italian manufacturers reporting a decline and adding to analysts’ concerns for the sector.

Industrial output dropped 1.7 and 1.2 per cent between April and May in France and Italy respectively. The figures follow a 1.7 per cent drop in Germany announced earlier this week and a 0.7 per cent decline for UK industry.

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