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Eurozone industrial production stronger than expected in July

Eurozone industrial production stronger than expected in July

Brussels, Sep 16 (Prensa Latina) Eurozone industrial production increased in July, beating expectations despite supply-chain bottlenecks, Eurostat data released Wednesday showed.
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The European Union’s statistics office Eurostat said industrial output in the 19 countries sharing the euro rose 1.5% month-on-month in July, after losing 0.1% in June.

Production of non-durable consumer goods rose 3.5% on the month, capital goods by 2.7%, durable consumer goods by 0.6% and intermediate goods by 0.4%, while production of energy fell 0.6%, Eurostat said.

Among countries for which data were available, largest monthly increases were seen in Ireland (+7.8%), Belgium (+5.0%) and Portugal (+3.5%), while the most notable decreases were seen in Lithuania (-2.0%), Slovenia (-1.8%) and Croatia (-1.6%).

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