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- Eurozone industrial production rose more than expected in August
Eurozone industrial production rose more than expected in August
According to estimates from Eurostat, in August 2019 compared with July 2019, seasonally adjusted industrial production rose by 0.4% in the euro area (EA19) and by 0.1% in the EU28. Economists had expected a 0.3% increase in the euro area. In July 2019, industrial production fell by 0.4% in the euro area and by 0.1% in the EU28. In August 2019 compared with August 2018, industrial production decreased by 2.8% in the euro area and by 2.0% in the EU28.
In the euro area in August 2019, compared with July 2019, production of capital goods rose by 1.2% and intermediate goods by 0.3%, while production of non-durable consumer goods fell by 0.3%, and durable consumer goods and energy by 0,4%. In the EU28, production of capital goods rose by 0.8% and intermediate goods by 0.2%, while production of durable consumer goods fell by 0.5%, and energy and non-durable consumer goods by 0.6%.
In the euro area in August 2019, compared with August 2018, production of non-durable consumer goods fell by 2.0%, capital goods by 2.9%, intermediate goods by 3.1% and energy by 3.3%, while production of durable consumer goods rose by 0.4%. In the EU28, production of non-durable consumer goods fell by 0.4%, intermediate goods by 2.3%, capital goods by 2.6% and energy by 3.0%, while production of durable consumer goods rose by 0.8%.
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