Europe’s industrial production contracts in July

Summary: Euro-zone industrial production down 0.3% in July, in line with expectations; down 2.2% on annual basis; German, French 10-year yields unchanged or lower; contraction in all 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 steady and persistent slowdown...

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