Euro zone's industrial production increased more than 4 percent in July on an annual basis

Euro zone's industrial production increased again, after the drop in June, albeit with a lesser extent than the analysts expected. Production in Germany increased slightly, while in the peripheral countries a decrease was observed.

Industrial production, which is the main component of GDP, increased by 1.0 percent in July. On an annual basis growth rate was 4.2 percent. Analysts expected a 1.5 percent growth per month, but this is still better than the datas of June, when industrial production declined by 0.8 percent – reports tozsdeforum.hu, after Questor.