Eurozone July industrial output falls 0.1% month-on-month

The swing from stagnation to outright contraction is modest in scale, but the direction matters for a bloc already navigating soft external demand. Industrial output is among the more tangible inputs into the euro area's growth picture, so a second consecutive month without expansion keeps the question of whether this is a shallow dip or the start of a broader slowdown open. What is worth watching is whether the next reading confirms a trend or reverses it.