Eurozone industrial production fell more than expected in June

According to estimates from Eurostat, in June 2021, the seasonally adjusted industrial production fell by 0.3% in the euro area and by 0.2% in the EU, compared with May 2021. Economists had expected a 0.2% decrease in the euro area. In May 2021, industrial production fell by 1.1% in the euro area and by 0.9% in the EU. In June 2021 compared with June 2020, industrial production increased by 9.7% in the euro area and by 10.5% in the EU. Economists had expected a 10.4% increase in the euro area.

In the euro area in June 2021, compared with May 2021, production of capital goods fell by 1.5% and energy by 0.6%, while production of durable consumer goods and intermediate goods both rose by 0.1% and non-durable consumer goods by 1.6%. In the EU, production of capital goods fell by 1.2% and energy by 0.2%, while production of intermediate goods rose by 0.2%, durable consumer goods by 0.5% and non-durable consumer goods by 1.4%.

In the euro area in June 2021, compared with June 2020, production of durable consumer goods rose by 16.1%, intermediate goods by 15.7%, non-durable consumer goods by 9.8%, capital goods by 6.3% and energy by 2.9%. In the EU, production of durable consumer goods rose by 16.4%, intermediate goods by 16.1%, non-durable consumer goods by 8.9%, capital goods by 8.1% and energy by 3.9%.