European factories increased capacity usage on assembly lines for the first time in two years, said a Bloomberg report. Assembly-line activity in the euro area rose to 70.7% of capacity this quarter from 69.6% in the prior three months, the report said.
According to the report, consumers in Europe have also increased their savings: the euro-area household savings rate increased to 16.5% in the second quarter from 16% in the previous three months. The household investment rate decreased to 9% from 9.3% in the first quarter, reaching the lowest since the data series started 10 years ago.
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