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08 Nov
12:35

EU white goods production seen rebounding in 2020

EU white goods production is expected to fall -1.9% on-year in 2019 for a consecutive year, before rebounding 0.8% in 2020, according to European steelmakers’ association Eurofer. Economic fundamentals will remain, on balance, supportive to overall private consumption, which should help demand for electric appliance products across the EU, Eurofer says. Tightened labour markets resulting in rapid wage growth, coupled with very low inflation still below the…
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