In July, industrial production rose 0.5% over the previous month in seasonally adjusted terms. The result contrasted the 0.6% drop recorded in June and came in above market expectations of a 0.1% rise. At a country level, Greece (+1.8% month-on-month), Slovakia and Portugal (both +1.5% mom) were the region's top performers whereas, at the other end of the spectrum, Slovenia (-2.3% mom) and Netherlands (-0.8% mom) recorded the worst results. Among the major economies, industrial output expanded in Germany (+1.3% mom) and France (+0.3% mom), while it contracted in Italy and Spain (both -0.2% mom). On an annual basis, industrial production declined 2.4%, which was down from the 2.0% contraction registered in June. As a result of the subdued reading, the trend continued to deteriorate, with annual average growth in industrial production falling from a 0.1% drop in June to a 0.7% contraction in July, which represents the worst result in more than two years.
Industrial production improves in July
September 12, 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.