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Eurozone industrial production tops expectations in July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/09/2015 (16:14)
According to data from Eurostat, industrial production in the eurozone rose by a larger than expected amount in July, increasing by 0.6% from a month earlier. Economists’ initial forecasts called for a monthly increase of 0.3% in a survey conducted by Wall Street Journal. On a yearly basis, meanwhile, industrial output in the eurozone climbed 1.9% compared with the same month of 2014.

The data also showed that energy production increased 3% month over month in July while production of capital goods and durable consumer goods rose 1.4% and 1.3%, respectively. However, production of intermediate goods and non-durable consumer goods edged down 0.6% month over month in July.

Across the region, the largest increases in industrial production on a monthly basis were reported in Ireland (+7.2%), Greece (+4.3%), Croatia (+3.6%) and Latvia (+2.8%) while the largest decreases were seen in Denmark (-4.6%), Sweden (-2.1%) and Malta (-1.8%).

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