From Reuters (More):
Industrial output in the 19 countries sharing the euro currency fell by more than expected in June, as the production of capital and durable goods fell following sharp increases in the previous month, European statistics office Eurostat said on Monday.
Overall, industrial production in the euro area fell by 0.6 percent in June but still increased by 2.6 percent on an annual basis, staying below the 0.5 percent drop forecast in a Reuters poll of 32 economists.
After a 2.2 percent monthly rise in May, the production of capital goods, such as machinery, fell by 1.9 percent. The output of durable consumer goods declined 1.2 percent in June following a 1.4 percent rise in May.
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