Eurozone industrial activity likely to decline, analysts say
French and Spanish increase is unlikely to offset German contractions, observers argue
France and Spain recorded increased industrial production in July, but some analysts said eurozone activity was still likely to decline due to Germany’s contraction.
France recorded a 0.8% month-on-month expansion, following a 0.9% decline in June. Spain has also registered an expansion in industrial activity, although more modest, of 0.2%.
But some analysts said their performance is expected to be insufficient to offset Germany’s trend of contraction in manufacturing and other sectors.
“The
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