Euro industrial production slows

German economic growth may slow later in the year

Industrial production in the eurozone fell by 0.4% in June from May, with Germany registering the biggest fall.

The eurozone's monthly fall was smaller than forecast and industrial production rose by 2.7% on an annual basis.

But the 2% decline in Germany renewed fears that its economic growth could slow in the second half of this year.

Separately, German investor confidence fell to its lowest level in 13 months in August, according to research institute ZEW's expectations indicator.

"The assessment by financial analysts coincides with fears that the momentum of the economic recovery in this country will weaken because of uncertainty about the global economy," ZEW President Wolfgang Franz said.

The ZEW index is seen as the country's second most important confidence barometer, after the Ifo index of business expectations.