Eurozone Q2 GDP and June Industrial Output Fall

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By Trey Thoelcke Published
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Flash estimates published by Eurostat, the statistical office of the European Union, showed that gross domestic product in the eurozone fell by 0.2% during the second quarter of 2012, compared with the previous quarter. Compared with the same quarter of the previous year, seasonally adjusted eurozone GDP fell by 0.4%.

This compares to a 0.4% increase in U.S. GDP in the second quarter, and a 0.3% increase in the GDP of Japan, compared with the previous quarter. Year-over-year, GDP in the United States rose by 2.2% and Japanese GDP by 3.6%.

Separate data from Eurostat showed that industrial production in the eurozone fell for the fourth time this year. Declines in intermediate, capital and consumer nondurable goods offset gains in energy and consumer durables.

Industrial output in the eurozone fell 0.6% in June from May and was 2.1% lower than a year before. The economy’s momentum as a whole appeared to slow at the end of the second quarter, making a recovery in the short term less likely.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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