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Financial News: Eurozone Industrial Output Rises Slightly In July

Eurozone Industrial Output Rises Slightly In July

09/13/2017 - 05:19:00 (RTTNews)

(RTTNews) - Eurozone industrial production increased slightly in July after declining in June, Eurostat reported Wednesday.

Industrial production grew 0.1 percent month-on-month in July, in contrast to a 0.6 percent fall in June. Monthly growth matched economists' expectations.

Among components, capital goods climbed 0.8 percent and intermediate goods rose 0.5 percent. Likewise, durable consumer goods output advanced 0.7 percent.

Meanwhile, energy output decreased 1.2 percent and non-durable consumer goods output slid 0.4 percent.

On a yearly basis, growth in industrial output accelerated to 3.2 percent from 2.8 percent in June. Production was forecast to expand 3.3 percent.

In the EU28, industrial production dropped 0.3 percent on month in July, while it increased 3.1 percent from previous year.

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