Latest figures point to 0.5% decline brought on by China’s market troubles and decline in demand for westerm cars and tools in AsiaIndustrial production in the eurozone slumped in August by 0.5%, according to official figures that illustrate the impact of falling demand for Europe’s cars and machine tools in China and the east Asia.
The latest figures showed an even bigger drop in the year-on-year growth rate to just 0.9% growth when a rise of 1.8% had been expected.
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Source: theguardian.com