The euro zone's GDP barely grew in the second quarter of 2019, data showed ...
FILE PHOTO: Steel rolls are pictured at the plant of German steel company Salzgitter AG in Salzgitter, Germany March 5, 2019. REUTERS/Fabian Bimmer
European Union statistics office Eurostat said gross domestic product growth in the 19-country euro zone was 0.2% in the second quarter versus the previous quarter, a slowdown from 0.4% percent in the first three months of 2019. German GDP fell 0.1% quarter-on-quarter, Germany’s Federal Statistics Office said earlier on Wednesday. The annual growth rate in Europe’s largest economy slowed to 0.4% in the second quarter from 0.9% in the first.
Industrial production in the euro zone area fell by 1.6% in June compared with the previous month, and by 2.6% from the same month in 2018. Economists had predicted less sharp drops in output of 1.4% month-on-month and 1.2% year-on-year.
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