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Eurozone industrial output down monthly in June, up on year

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/08/2015 (17:10)
According to data released by Eurostat, industrial output in the eurozone declined 0.4% on the month in June following a revised decrease of 0.2% in May. Economists’ initial estimates called for a 0.2% drop. On a yearly basis, however, industrial output in the eurozone rose 1.2% compared with the same month of 2014.

The data also revealed that energy production increased 3.2% month over month in June while production of non-durable consumer goods remained stable. However, production of durable consumer goods fell by 2% month over month while capital goods output decreased 1.8% from a month earlier in June. Output for intermediate goods posted a decrease of 0.5% on a monthly basis.

Across the region, the largest decreases in industrial production on a monthly basis were reported in Croatia (-2.9%), Portugal (-2.1%) and Ireland (-2.0%) while the largest increases were seen in Norway (+3.6%), the Netherlands (+3.9%) and Denmark (+4.2%).
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