Worse than expected economic figures for the eurozone in the second quarter of 2014 will weigh heavily on the European Central Bank’s governing council when it meets on 7 August. Industrial production in the eurozone fell by 1.1% in May compared with April, according to Eurostat.
Notably, Germany experienced one of the largest slowdowns in industrial production, with a drop of 1.4%.
This fall has affected growth, with the German economy, the largest and most robust in the eurozone, expected to slow significantly in the second quarter of 2014, after unexpectedly strong growth of 0.8% in the first quarter.
German exporters have been …read more
Source: European Voice
