EU manufacturing output shrinks
1 August 2012 Last updated at 16:45 BST
The eurozone manufacturing sector contracted at its fastest pace in three years in July.
Germany, Europe's industrial power base, posted one of the lowest scores.
Caroline Holmqvist, a senior advisor at CEEMET which represents Metal, Engineering and Technology-Based Industries around Europe told the BBC that a lack of bank lending is hindering the industry.