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ECONOMICS COMMENTARY Oct 14, 2013

Eurozone industry rebounds in August, adding to survey signs of recovery

Production in eurozone factories rebounded in August, but the upturn merely brings output back to June's level, which was still some 12.5% below its April 2008 pre-crisis peak. The upturn is nevertheless an encouraging sign that the sector is slowly recovering, following the trend of gradual improvement recorded by the business surveys.

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