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We’ve sometimes seen these figures spike lower, but it’s not enough to start pressing panic buttons,” Alastair McCaig, market analyst at IG, said.īetter data was expected from the United States, where the number of U.S. “The numbers are disappointing, but the European economic recovery hasn’t been a nice steady trend. Germany’s DAX fell 0.5 percent, underperforming a 0.4 percent drop on the broader FTSEurofirst 300, after German industrial output declined and exports fell by more than expected, raising questions about the strength of the recovery in Europe’s largest economy.įrance’s CAC also underperformed the likes of Spain’s IBEX and Italy’s FTSE MIB after industrial output also unexpectedly fell.
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LONDON, Aug 7 (Reuters) - European shares fell in early deals on Friday, weighed down by Germany’s top share index after a surprising fall in industrial output, ahead of closely watched U.S.
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