Ireland leads recovery in euro zone industrial output

Latest official figures halt two-month trend of contraction and raise hopes of stronger recovery

Euro zone industrial output jumped twice as much as expected in July, breaking a two-month trend of contraction and raising hopes that the single currency area may start growing again in the third quarter after stalling in the previous three months.

Industrial production in the 18 countries sharing the euro jumped by 1.0 per cent month-on-month in July, and was 2.2 per cent higher on the year, well above expectations.

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