9/14/2020, 11:02 AM (Source: TeleTrader)
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EU industrial production up by 4.1% MoM in July

Seasonally adjusted industrial output both in the euro area and the whole European Union rose 4.1% on a monthly basis in July, the EU's statistical office Eurostat said in its report published on Wednesday. Compared to the same month last year, industrial production in the Eurozone plunged 7.7%.

Production of durable consumer goods in the European Union rose by 4.8% year-over-year, capital goods were up by 5.6%, intermediate goods increased by 3.9%, non-durable consumer goods jumped by 2.8% and energy grew by 1.3%. Portugal and Spain led the industrial sector's growth, jumping 11.9% and 9.4% on a monthly basis, respectively.

In the euro area, the production of capital goods rose by 5.3%, durable consumer goods by 4.7%, intermediate goods by 4.2%, non-durable consumer goods by 3.9% and energy by 1.1%.

Breaking the News / TF