Eurozone industrial production rises 0.7% in June

Industrial production in the euro area increased in June, after falling in the previous month, data released by statistical office Eurostat showed Tuesday.

Industrial production increased a seasonally adjusted 0.7 percent month-on-month in June, reversing the previous month's 0.2 percent decrease, which was revised up from a 0.3 percent fall. Economists had forecast production to record a faster growth of 1 percent.

Driving the rebound, production of durable consumer goods climbed 4.9 percent sequentially, and output of capital goods advanced 2.5 percent. Intermediate goods production was higher by 0.5 percent than in May.

Partially offsetting these positive contributions, energy production recorded a 1.6 percent monthly decline, and output of non-durable consumer goods dropped by 0.6 percent.

Year-on-year, industrial production moved up 0.3 percent in June, recovering from the 1.3 percent decline seen in May and April's 0.5 percent decrease. The annual growth rate matched expectations.

Among the member states, the highest increases were registered in Ireland, Romania, Poland, Germany and Greece, while Netherlands, Portugal and France recorded the largest decreases.