Your English writing platform
Discover LudwigExact(17)
The decline in factory output came as new data offered a mixed picture of the recovery.
July's decline in factory orders surpassed the previous record drop of 6.6percentt in December 1974.
Economists said the decline in factory orders would result in manufacturers hiring fewer workers.
The decline in factory orders was led by reduced demand for aircraft, automobiles and other durable goods.
Combined with a 10th consecutive decline in factory inventories, the report suggests increased production in coming months.
The average decline in factory output for the 17-country euro zone was 1.1 percent, according to Eurostat, the E.U. statistics agency.
Similar(43)
Hard on the heels of a downgrade of its growth forecasts from the US Federal Reserve came a serious of disappointing economic figures including a third monthly fall in producer prices and declines in factory activity in New York and the mid-atlantic.
This knocked 0.18 percent off G.D.P., while slightly smaller amounts of damage were done by declines in factory output and in the "government and other services" category, where the Olympics had lifted sports and recreation services in the third quarter.
Also, the National Association of Purchasing Management reported a decline in its factory index.
But the decline in the factory price of goods is particularly acute this year partly because of the terrorist attacks last year, according to manufacturers and retail analysts.
Slumping car production was the main reason for a 0.7 percent decline in French factory output in October compared to September, analysts at Barclays Capital said Monday in a note to clients.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com