9/15/2021, 11:00 AM (Source: TeleTrader)
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Eurozone's industrial production up 1.5% in July

The Industrial output surpassed the analysts' forecasts and expanded by 1.5% in the Eurozone (EA19) and by 1.4% in the entire European Union (EU27) on a monthly level, Eurostat's July report showed on Wednesday. On an annual basis, industrial production jumped 7.7% in the euro area and 8.3% in the bloc.

Compared to June, production of non-durable consumer goods in the Eurozone gained 3.5%, and capital goods' output expanded by 2.7%. Durable consumer goods and intermediate goods went up by 0.6% and by 0.4%, respectively. For the entire EU, non-durable consumer goods output inched 2.8% higher, while capital goods and intermediate goods production advanced by 2.4% and 0.5%, respectively. Production of durable consumer goods slid by 0.2% in the EA19, while energy production remained unchanged.

Among EU member states, the sharpest increase was recorded in Ireland, where the industrial production surged 7.8% month-over-month, with Lithuania observing the steepest drop, with the figure down by 2% compared to June. In comparison to July 2020, the biggest increase of 26.4% was seen in Belgium, while Portugal's indicator declined by 0.1%, making it the only country with a decrease in output.

Baha Breaking the News (BBN) / BU