Eurozone industrial production fell 2.3% in July

On a monthly basis, eurozone data is the first negative since March. Regarding July 2021, the eurozone’s industrial production decreased by 2.4%, while it fell by 0.8% among 27 countries.

In the euro area, production of capital goods fell by 4.2% compared to June 2022, durable consumer goods decreased by 1.6% and intermediate goods decreased by 0.8%. On the other hand, the production of energy goods increased by 0.4% and the production of non-durable consumer goods increased by 1.2%.

In all Twenty-Seven, 3.2% less capital goods produced, 1.6% less durable consumer goods and 0.8% less intermediate goods. The production of non-durable goods increased by 1%, while the production of energy goods increased by 0.7%.

Among the Member States for which data are available, the highest monthly increases were recorded in Lithuania (+6.5%), Sweden (+5.8%) and Malta (+4.2%), with the most notable decreases in Ireland (- 18.9) corresponded. ), Estonia (-7.4%) and Austria (-3.2%).

Compared to July 2021, capital goods production in the euro area fell by 5.4%Intermediate goods decreased by 1.8% and non-durable consumer goods decreased by 1.1%. The production of durable consumer goods increased by 1.4%, while the production of energy goods increased by 1.1%.

In the EU as a whole, production of capital goods fell by 3.5% and output of intermediate goods by 1.4%.. Looking at the increases, there was an increase of 2.1% in non-durable consumer goods, 3.1% in energy goods and 0.9% in durable consumer goods.

Among the Member States with data for July, production increases were prominent in Bulgaria (+17.6%), Denmark (+12%) and Poland (+10.3%), with the biggest decreases in Ireland (-23.7%). , Estonia and Slovakia (-6.4%) and Belgium (-5.1%).

In the case of Spain, industrial production fell by 1% on a monthly basis, increasing by 4.9% compared to July 2021.