Europe’s industrial output up 8.3% y-o-y in July

Highest annual increases seen in Belgium, Ireland and Lithuania, says Eurostat

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, the production of intermediate goods is 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.


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