Europe’s industrial production increased by 8.3% and 7.7% YOY in the Eurozone in July compared to the same month last year.
- On a monthly basis, the industrial output slightly increased by 1.5% in the Eurozone and 1.4% in the EU in July.
- In the EU, the production of intermediate goods rose by 11.8%, non-durable consumer goods by 9.4%, durable consumer goods by 8.9%, capital goods by 6.3%, and energy by 2.7%.
- The gains came despite increased supply chain constraints during the period. Chip shortages in the automotive industry had pressured several companies into cutting production levels.
- Production of durable consumer goods slid by 0.2% in the EA19, while energy production still remained unchanged.
Among the EU member states, the highest annual increases were recorded in Belgium (+26.4%), Ireland (19.2%), and Lithuania (+15.0%), while the only decrease was recorded in Portugal (-0.1%).
Euro Stoxx 50 down -0.43%, EUR USD up +0.18% Source: Eurostat.