Eurozone Industry Saw Continued Recovery in June
August 12 2020 - 5:29AM
Dow Jones News
By Paul Hannon
Factory output in the eurozone rose strongly for the second
straight month in June, but it remained well below the levels
recorded before the coronavirus prompted widespread shutdowns.
The European Union's statistics agency said industrial
production--which also includes the output of utilities and
mines--was 9.1% higher than in May, a month that saw the largest
rise since records began in 1991.
However, the rebound wasn't large enough to fully reverse the
declines in output recorded in March and April, leaving production
11% lower than it was in February, the month before lockdowns
became widespread.
Across the currency area, Slovakia saw the largest rise in
output--a 21.7% increase from May. The country's economy is heavily
focused on making automobiles, with close ties to Germany's leading
producers.
Write to Paul Hannon at paul.hannon@wsj.com
(END) Dow Jones Newswires
August 12, 2020 05:14 ET (09:14 GMT)
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