• Eurozone industrial production grew less than expected in August

Market news

14 October 2020

Eurozone industrial production grew less than expected in August

According to the report from Eurostat, in August 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 1.0% in the EU, compared with

July 2020. Economists had expected a 0.8% increase in the euro area. In July 2020, industrial production rose by 5.0% in the euro area and by 4.9% in the EU.

In August 2020 compared with August 2019, industrial production decreased by 7.2% in the euro area and by 6.2% in the EU. 

In the euro area in August 2020, compared with July 2020, production of durable consumer goods rose by 6.8%, intermediate goods by 3.1% and energy by 2.3%, while production of both capital goods and non durable consumer goods fell by 1.6%. In the EU, production of durable consumer goods rose by 5.7%, intermediate goods by 2.9% and energy by 1.6%, while production of non-durable consumer goods fell by 0.6% and capital goods by 1.1%.

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