Eurozone Industrial Output Increases in July
(MENAFN) Industrial activity in the eurozone climbed by 0.3% in July compared with the previous month, offsetting June’s steep drop, according to figures published on Tuesday by Eurostat.
Analysts had anticipated a 0.4% monthly rise for July.
The result followed an upward adjustment of June’s contraction, which was revised to a 0.6% decline.
Within the bloc’s five main industrial categories, the sharpest expansion came from non-durable consumer products, which advanced by 1.5%.
Other areas also recorded growth: capital goods increased 1.3%, durable consumer goods 1.1%, and intermediate products 0.5%.
Conversely, energy-related production fell significantly, declining by 2.9% in July.
For the wider EU27, industrial manufacturing rose by 0.2% compared to the prior month.
The strongest monthly growth was observed in Croatia (+2.6%), followed by Hungary and Slovenia (both +2.1%), as well as Germany, Latvia, and Poland (all +1.5%).
The steepest contractions occurred in Estonia (-5.5%), Malta (-4.7%), and Sweden (-3.9%).
Year-on-year, industrial production across both the euro area and the EU expanded by 1.8% in July.
In the eurozone, non-durable consumer goods showed the most robust annual performance at 6.6%, while intermediate durable products slipped by 0.9%.
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