• Eurozone industrial production rose less than forecast in June

Market news

12 August 2020

Eurozone industrial production rose less than forecast in June

According to the report from Eurostat, in June 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 9.1% in both euro area and EU, compared with May 2020. Economists had expected a 10.0% increase in euro area. In May 2020, industrial production rose by 12.3% in the euro area and by 11.6% in the EU. In June 2020 compared with June 2019, industrial production decreased by 12.3% in the euro area and by 11.6% in the EU. Economists had expected a 11.5% decrease.

In the euro area in June 2020, compared with May 2020, production of durable consumer goods rose by 20.2%, capital goods by 14.2%, intermediate goods by 6.7%, non-durable consumer goods by 4.8% and energy by 2.6%.

In the EU, production of durable consumer goods rose by 20.2%, capital goods by 14.2%, intermediate goods by 6.5%, non-durable consumer goods by 5.6% and energy by 1.7%.

The highest increases were registered in Slovakia (+21.7%), Hungary (+17.1%) and Romania (+16.3%). Decreases were observed in Belgium (-1.4%) and Finland (-0.8%).

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