Eurozone, EU Industrial Production Rebound in July

Source: Eurostat

Industrial production rebounded in the European Union in July, as well as in the Euro area which saw growth after two consecutive months in negative territory. VGK is up 0.29% premarket.

• Seasonally adjusted industrial production in the Euro area climbed 1.5% in July, up from -0.1% in June. Year-on-year production is up 7.7%.
• Monthly production of non-durable consumer goods gained 3.5%, capital goods grew 2.7%, durable consumers goods by 0.6%, and intermediate goods by 0.4%. Energy production slipped 0.6%
• Production in the EU grew 1.4%, after remaining unchanged in June. The latest print is 8.3% higher compared with the same month last year.
• Monthly production of non-durable consumer goods advanced 2.8%, capital goods by 2.4%, and intermediate goods by 0.5%. Energy production was stable, while durable consumer goods 
• The biggest growths were in Ireland, Belgium, and Portugal, while the largest declines were in Lithuania, Slovenia, and Croatia.