• Eurozone’s industrial production drops in June

Market news

12 August 2015

Eurozone’s industrial production drops in June

Eurostat released its industrial production data for the Eurozone on Wednesday. Industrial production in the Eurozone fell 0.4% in June, missing expectations for a 0.2% decline, after a 0.4% drop in May.

The decrease was driven by a drop in durable consumer goods and capital output. Durable consumer goods were down 2.0% in June, while capital goods output slid by 1.8%.

Intermediate goods declined by 0.5% in June, energy output climbed by 3.3%, while non-durable consumer goods output was flat.

On a yearly basis, Eurozone's industrial production gained 1.2% in June, missing expectations for a 1.5% rise, after a 1.6% increase in May.

The increase was driven by a rise in non-durable consumer goods, capital goods and intermediate goods. Non-durable consumer goods climbed by 2.2% in June from a year ago, capital goods rose by 1.7%, while intermediate goods output gained by 0.2%.

Durable consumer goods were up by 0.1%, while energy output was flat.

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