FOREX TradingCharts.com

Financial News: Eurozone Industrial Output Rises For Second Month

Eurozone Industrial Output Rises For Second Month

07/13/2022 - 08:22:00 (RTTNews)

(RTTNews) - Eurozone industrial production grew for the second straight month in May, data from Eurostat showed on Wednesday.

Industrial output gained 0.8 percent on month in May, faster than the 0.5 percent increase in April. This was the second consecutive rise in production and also better than the expected growth of 0.3 percent.

The breakdown showed that energy output declined 3.3 percent in May and intermediate goods output remained flat on month.

Production of capital goods and non-durable consumer goods were up 2.5 percent and 2.7 percent, respectively. Durable consumer goods output moved up 1.4 percent.

Year-on-year, industrial production rebounded 1.6 percent, following a 2.5 percent fall in April. Output was forecast to gain 0.3 percent.

If industrial production remained flat in June, then output will have remained unchanged in the second quarter compared to the first quarter, Capital Economics economist Michael Tran said. However, the latest data suggest output is likely to have declined in June.

The EU27 industrial production gained 0.6 percent on month in May and advanced 2.7 percent annually. Among member states, the highest monthly increase was registered in Ireland, up 13.9 percent and Lithuania reported the biggest fall of 7.6 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Norway Central Bank Hikes Policy Rate By 50 Bps, Hints At September Raise (01 hr(s), 01 min(s), 18 sec(s) ago)
(RTTNews) - The Norwegian central bank raised its benchmark interest rate further by 50 basis poin ...Full Story»

Philippine Central Bank Raises Key Interest Rate Further (01 hr(s), 07 min(s), 18 sec(s) ago)
(RTTNews) - The Philippines' central bank on Thursday raised its key interest rate again by 50 ...Full Story»

U.S. Leading Economic Index Declines For Fifth Straight Month In July (01 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed a continued decrease by i ...Full Story»

U.S. Existing Home Sales Extend Nosedive To New Two-Year Low In July (01 hr(s), 39 min(s), 18 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. showed another significant decrease in the month of Ju ...Full Story»

Mainland Norway Q2 GDP Expands As Expected (01 hr(s), 38 min(s), 18 sec(s) ago)
(RTTNews) - Mainland Norway's economy expanded in the second quarter after contracting in the ...Full Story»

Philly Fed Index Unexpectedly Indicates Return To Growth In August (01 hr(s), 55 min(s), 18 sec(s) ago)
(RTTNews) - After reporting contractions in Philadelphia-area manufacturing activity in the two pr ...Full Story»

U.S. Jobless Claims Unexpectedly Edge Down To 250,000 (02 hr(s), 22 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday unexpectedly showed a modest pul ...Full Story»

Philly Fed Index Unexpectedly Returns To Positive Territory In August (03 hr(s), 27 min(s), 18 sec(s) ago)
(RTTNews) - After reporting contractions in Philadelphia-area manufacturing activity in the two pr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Norway Central Bank Hikes Policy Rate By 50 Bps, Hints At September Raise

08/18/2022 - 11:09 AM (RTTNews)
(RTTNews) - The Norwegian central bank raised its benchmark interest rate further by 50 basis poin ...Full Story>>

Philippine Central Bank Raises Key Interest Rate Further

08/18/2022 - 11:03 AM (RTTNews)
(RTTNews) - The Philippines' central bank on Thursday raised its key interest rate again by 50 ...Full Story>>

U.S. Leading Economic Index Declines For Fifth Straight Month In July

08/18/2022 - 10:45 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed a continued decrease by i ...Full Story>>

Mainland Norway Q2 GDP Expands As Expected

08/18/2022 - 10:32 AM (RTTNews)
(RTTNews) - Mainland Norway's economy expanded in the second quarter after contracting in the ...Full Story>>

U.S. Existing Home Sales Extend Nosedive To New Two-Year Low In July

08/18/2022 - 10:31 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. showed another significant decrease in the month of Ju ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.