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15.09.2021, 09:20

Eurozone industrial production grew more than expected in July

According to the report from Eurostat, in July 2021, the seasonally adjusted industrial production rose by 1.5% in the euro area and by 1.4% in the EU, compared with June 2021. Economists had expected a 0.6% increase in the euro area. In June 2021, industrial production fell by 0.1% in the euro area and remained stable in the EU.

In July 2021 compared with July 2020, industrial production increased by 7.7% in the euro area and by 8.3% in the EU. Economists had expected a 6.3% increase in the euro area.   

In the euro area in July 2021, compared with June 2021, production of non-durable consumer goods rose by 3.5%, capital goods by 2.7%, durable consumer goods by 0.6% and intermediate goods by 0.4%, while production of energy fell by 0.6%. 

In the EU, production of non durable consumer goods rose by 2.8%, capital goods by 2.4% and intermediate goods by 0.5%, while production of energy remained stable and durable consumer goods fell by 0.2%.

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