In June, industrial production dropped 0.6% over the previous month in seasonally adjusted terms. The result contrasted the 0.9% rise recorded in May (previously reported: +0.6% month-on-month) and came in above market expectations of a 0.7% drop. On an annual basis, industrial production declined 2.2%, which was up from the 2.6% contraction registered in May. At a country level, Slovenia (+2.9% mom) and Ireland (+2.7% mom) were the region's top performers whereas, at the other end of the spectrum, Estonia (-1.7% mom), Slovakia and Italy (both -1.4% mom) recorded the worst results. Among the remaining major economies, Germany showed the largest drop (-0.8% mom), followed by Spain (-0.6% mom) and France (-0.1% mom). As a result of the monthly reading, the trend continued to deteriorate, with annual average growth in industrial production swinging from a 0.3% increase in May to a 0.1% drop in June, which represents the first negative reading since June 2010.
Industrial production contracts in June
August 14, 2012
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Eurozone Economic News
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.
September 30, 2016
Conditions in the labor market in the common-currency bloc remained broadly unchanged in August, according to recently released data by Eurostat.