THE EUROZONE received a modest boost yesterday as positive economic data emerged from its two largest economies, Germany and France.
German industrial output shot up at its fastest pace in nearly two years in June, rising 2.4 per cent compared to May. The rebound was partly a correction from the previous month, when it fell due to the timing of workers’ holidays, yet still surprised analysts to the upside.
And data from France showed that exports rose by around €200m (£172m) in June. Yet imports fell by €1.07bn in the struggling economy. The deficit was thus down to €4.44bn, from €5.71bn in May.