Europe's Industrial Output Up 8.3% Y-O-Y In July

Industrial production in Europe increased in July compared to the same month last year, the bloc's statistical authority said on Wednesday.

The figure rose 8.3% year-on-year in the EU27 and 7.7% in the eurozone, a Eurostat statement said.

The eurozone/euro area, or EA19, represents member states that use the single currency – euro – while the EU27 includes all member countries of the bloc.

In the EU, production of intermediate goods up 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 highest annual increases were seen in Belgium (+26.4%), Ireland (+19.2%) and Lithuania (+15.0%), while the only decrease was witnessed in Portugal (-0.1%).


Meanwhile, on a monthly basis, industrial output slightly rose 1.5% in the eurozone and 1.4% in the EU in July. -