Eurozone industrial production fell 2.3% in July

No time to read?
Get a summary

this industrial production Eurozone contracted 2.3 percent in JulyAccording to data released this Wednesday by Eurostat, the European Union (EU) as a whole fell 1.6% from June, when compared to a 1.1% expansion in the previous month, the Community Statistics Office.

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.

No time to read?
Get a summary
Previous Article

Spaniards are increasingly respectful of wildlife, according to an international study

Next Article

They are weighing the cores displaced by the gases in La Palma by declaring them a disaster zone.