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- Eurozone industrial production grew more than expected in July
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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