403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Eurostat: EU Output Up 1 Percent Annually Despite Monthly Dip
(MENAFN) The European Union's total market production index slipped 0.1% in June compared with the previous month, while the euro area posted a steeper 0.2% monthly decline, according to figures released Monday by Eurostat.
Despite the monthly dip, the annual picture remained positive: total market production climbed 1% across the EU and 0.7% in the euro area versus June of last year, the data showed.
Eurostat defines the total market production index as a composite gauge blending four short-term business indicators spanning industry, construction, services and trade volume.
Within the EU, construction and services were the primary drags on the monthly figure, falling 1% and 0.2% respectively. Trade volume moved in the opposite direction, edging up 0.3% during the month, while industrial output held steady in June.
Despite the monthly dip, the annual picture remained positive: total market production climbed 1% across the EU and 0.7% in the euro area versus June of last year, the data showed.
Eurostat defines the total market production index as a composite gauge blending four short-term business indicators spanning industry, construction, services and trade volume.
Within the EU, construction and services were the primary drags on the monthly figure, falling 1% and 0.2% respectively. Trade volume moved in the opposite direction, edging up 0.3% during the month, while industrial output held steady in June.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment