LUXEMBOURG (Dow Jones) – Industrial production in the euro area has not developed in July as well as expected . Production ( excluding construction ) remained stable compared to the previous month and rose year on year by 7.1 %, as Eurostat announced on Tuesday. ( Reuters photo 🙂
Economists had expected on average in a single month with a rise in industrial production by 0.2% year on year it had forecast a rise of 8.0%. In June , the production was revised from the previous month by 0.2 % (provisional : minus 0.1%) declined as they had gained the year was 8.3% (plus 8.2%).
In the EU -27 industrial production in July was also unchanged in a single month . Compared with the previous year, it rose 6.8%. In June, they had increased in the month compared to 0.1% and the year was up 7.9 %. For Germany, Eurostat pointed to a July from the previous month , industrial production and a stable year on year growth of 11.4 %.
The production of consumer goods rose in both areas in July compared to the previous month by 0.1 %. The production of capital goods rose in the euro area by 0.1 % , but fell in the EU -27 by 0.2 %. The production in the energy sector decreased by 0.1 % and 0.4 %. Intermediate goods fell by 0.3 % in the euro area and EU -27 by 0.1 %. The production of durable consumer goods decreased by 0.6 % and 0.8 %.
Compared to the same month last year increased the production of intermediate goods in July increased 9.2 % in the euro area and by 9.5 % in the EU -27. Capital goods rose by 9.2 % and 9.3 %, by durable goods increased by 5.3 % in the euro area and by 7.0 % in the EU -27. The production of consumer goods showed an increase of 3.6 % and 3.7 %. The emissions in the energy sector in the euro area rose by 1.9 % , but fell in the EU -27 by 0.1 %.
DJG / sgs / kth / dok