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- Eurozone industrial production grew less than expected in August
Eurozone industrial production grew less than expected in August
According to the report from Eurostat, in August 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 1.0% in the EU, compared with
July 2020. Economists had expected a 0.8% increase in the euro area. In July 2020, industrial production rose by 5.0% in the euro area and by 4.9% in the EU.
In August 2020 compared with August 2019, industrial production decreased by 7.2% in the euro area and by 6.2% in the EU.
In the euro area in August 2020, compared with July 2020, production of durable consumer goods rose by 6.8%, intermediate goods by 3.1% and energy by 2.3%, while production of both capital goods and non durable consumer goods fell by 1.6%. In the EU, production of durable consumer goods rose by 5.7%, intermediate goods by 2.9% and energy by 1.6%, while production of non-durable consumer goods fell by 0.6% and capital goods by 1.1%.
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