Industry adds to euro gloom
THE EUROZONE’S industrial firms recorded another drop in output during June, adding to the growing pile of evidence that the bloc’s gloomy recovery might have already peaked.
Production fell by 0.3 per cent from May, and was completely flat over the 12 months from June 2013. Price growth is also lagging below the target level – German statisticians confirmed that the country’s consumer prices rose by just 0.8 per cent in the year to July, the lowest in four years.