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EU & euro area's industrial production down 1.1% in July

15 Sep '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • In July 2023, the euro area and the EU experienced a *.* per cent decrease in industrial production compared to the previous month, and a *.* per cent and *.* per cent YoY decrease, respectively, as per Eurostat.
  • Despite declines in the production of durable consumer goods, there were slight rises in intermediate and non-durable consumer goods.

Within the euro area, production of durable consumer goods declined by *.* per cent. Conversely, intermediate goods and non-durable consumer goods witnessed a slight increase in production, growing by *.* per cent and *.* per cent respectively. Energy production also surged by *.* per cent.

In the broader EU, production of durable consumer goods decreased by *.* per cent. Non-durable consumer goods also saw a decline, albeit a lesser one at *.* per cent. Meanwhile, there was a marginal growth in the production of intermediate goods and energy, by *.* per cent and *.* per cent respectively, as per Eurostat.

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