Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone rose 0.6% in July, exceeding expectations for a 0.3% increase, after a 0.3% drop in June. June's figure was revised up from a 0.4%.

The increase was driven by a rise in energy, durable consumer goods and capital output. Energy output climbed 3.0% in July, durable consumer goods were up 1.3%, while capital goods output rose by 1.4%.

Intermediate goods declined by 0.6% in July, while non-durable consumer goods output fell 0.6%.

On a yearly basis, Eurozone's industrial production gained 1.9% in July, exceeding expectations for a 0.6% rise, after a 1.5% increase in June.

The increase was driven by a rise in durable consumer goods, capital goods and energy output. Durable consumer goods climbed by 2.6% in July from a year ago, capital goods rose by 2.2%, while energy output gained by 5.1%.

Non-durable consumer goods were up by 1.7%, while intermediate output was up by 0.5%.