Eurozone Industrial Production stable in June; Ifo Economic Climate Indicator falls further
Aug 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In June 2008, seasonally adjusted industrial production remained unchanged in the Eurozone (EA15) and grew by 0.1% in the EU27. In May production fell by 1.8% and 1.3% respectively. Meanwhile, the Ifo Economic Climate in the Eurozone has worsened again in the third quarter of 2008 for the fourth time in succession. The decline in the Ifo indicator is both the result of less positive assessments of the current economic situation as well as clearly more pessimistic expectations for the coming six months.