The Stoxx Europe 600 Index fell 0.4% in London by 8:23 a.m., with nearly of the region’s subindexes declining. Technology and basic resources sectors saw the biggest declines, while construction and materials fell less than the wider benchmark.
Germany’s industrial output fell again in July, according to the statistics office in Wiesbaden, further holding back the biggest economy in Europe and casting a pall over the beginning of the third quarter. Production fell 0.8% from June, led by capital and consumer goods, outpacing the median prediction in a Bloomberg survey of economists of a 0.4% drop.
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