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Eurozone Industrial Production rose by 0.1%

In July 2017 compared with June 2017, seasonally adjusted industrial production rose by 0.1% in the euro area (EA19), while it decreased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017, industrial production fell by 0.6% in both zones. In July 2017 compared with July 2016, industrial production increased by 3.2% in the euro area and by 3.1% in the EU28.

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UK Industrial Production grew by 0.2%

In the 3 months to July 2017, the Index of Production was estimated to have increased by 0.3% compared with the 3 months to April 2017, due mainly to a rise of 2.2% in mining and quarrying. The largest contribution to the rise in mining and quarrying in the 3 months to July 2017 came from oil and gas extraction, which rose by 2.6%, due mainly to a lack of maintenance, which has historically taken place in the month of June, although in some previous years this maintenance has occurred later in the summer.

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U.S. Industrial Production rose by 0.2%

U.S. factory output fell in July, pulled down by tumbling auto production. The Federal Reserve says factory production dropped 0.1 percent last month. Overall industrial production — which adds output by mines and utilities — rose 0.2 percent. Mining output rose 0.5 percent, and utility production rose 1.6 percent. Economists polled by Reuters had forecast industrial production increasing 0.3 percent in July.

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Eurozone Industrial Production down by 0.6%

In June 2017 compared with May 2017, seasonally adjusted industrial production fell by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2017, industrial production rose by 1.2% in both zones. In June 2017 compared with June 2016, industrial production increased by 2.6% in the euro area and by 2.9% in the EU28.

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