Industrial output up 0.3% in euro area, 0.2% in EU in July

In the euro area, production of intermediate goods grew 0.5 per cent, capital goods 1.3 per cent, durable consumer goods 1.1 per cent, and non-durable consumer goods 1.5 per cent, while energy output fell 2.9 per cent.

In the EU, intermediate goods rose 0.3 per cent, capital goods 0.9 per cent, durable consumer goods 0.6 per cent, and non-durable consumer goods 1.3 per cent, with energy declining 2.1 per cent.

Country-wise, the strongest monthly gains came from Croatia (+2.6 per cent), Hungary, and Slovenia (both +2.1 per cent). Estonia (-5.5 per cent), Malta (-4.7 per cent), and Sweden (-3.9 per cent) recorded the sharpest declines.

On an annual basis, production increased most in Latvia (+9.8 per cent), Ireland (+8.1 per cent), and Sweden (+4.1 per cent). The steepest drops were seen in Bulgaria (-8.3 per cent), Luxembourg (-4.7 per cent), and Slovakia (-4.6 per cent).

ALCHEMPro News Desk (SG)