Pursuits
Euro-Region June Industrial Output Falls; France Grinds to Halt
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European industrial production unexpectedly fell in June and France’s economy stalled in the second quarter, adding to signs that growth is losing momentum as governments struggle to contain the debt crisis.
Production in the 17-nation euro area slipped 0.7 percent from May, the European Union’s statistics office in Luxembourg said today. In France, the economy failed to expand from the first quarter, according to Paris-based statistics office Insee, missing the median forecast of 0.3 percent growth in a Bloomberg News survey of 15 economists.