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May 23, 2017

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Eurozone industrial output increases by sharp 0.6 percent in July: Eurostat

BRUSSELS -- Eurozone industrial production rose a sharp 0.6 percent in the euro area in July after a 0.6 percent contraction the previous month, official figures showed on Wednesday.

The Eurostat data agency figures showed the turnaround to be largely due to a strong increase of 2.4 percent in the production of capital goods.

Intermediate goods rose 0.1 percent while durable consumer goods fell 0.5 percent and non-durable consumer goods declined by 0.6 percent. Production of energy dropped 1.2 percent in the same period in the eurozone.

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