• Eurozone industrial production rose more than expected in July

Market news

14 September 2020

Eurozone industrial production rose more than expected in July

According to the report from Eurostat, in July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 4.1% in both the euro area and EU, compared with June 2020. Economists had expected a 0.3% increase in the euro area. In June 2020, industrial production rose by 9.5% in the euro area and by 9.6% in the EU. 

In July 2020 compared with July 2019, industrial production decreased by 7.7% in the euro area and by 7.3% in the EU. Economists had expected a 8.2% decrease in the euro area. 

In the euro area in July 2020, compared with June 2020, 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%. In the EU, production of capital goods rose by 5.6%, durable consumer goods by 4.8%, intermediate goods by 3.9%, non-durable consumer goods by 2.8% and energy by 1.3%.

In the euro area in July 2020, compared with July 2019, production of capital goods fell by 10.4%, intermediate goods by 9.3%, energy by 6.2%, durable consumer goods by 3.8% and non-durable consumer goods by 1.9%. In the EU, production of capital goods fell by 10.2%, intermediate goods by 8.7%, energy by 6.6%, non-durable consumer goods by 2.5% and durable consumer goods by 2.0%.

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