Euro-zone production slumps; down 2.3% in July

Summary: Euro-zone industrial production down 2.3% in July, fall greater than expected; annual growth rate swings from +2.2% to -2.4%; German, French 10-year yields decline modestly; contracts in three of euro-zone’s four largest economies. Following a recession in 2009/2010 and the debt-crisis which flowed from it, euro-zone industrial production recovered and then reached a peak four years later in 2016. Growth rates then fluctuated for two years before beginning a...

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