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Eurozone, industrial production growing: +0,6%

Industrial production in the Eurozone is growing despite a negative consensus – In August, positive data also in Italy on a monthly basis (+1,7%), but still decreasing on an annual basis (-5,2%).

Eurozone, industrial production growing: +0,6%

In August, industrial production in the Eurozone increased by 0,6% compared to the previous month. This was communicated by Eurostat. The figure is well above the consensus of analysts, who forecast a -0,5%. On an annualized basis, however, industrial production fell by 2,9%.

In Italy, production increased by 1,7% compared to July, but on an annual basis it fell by 5,2%, the worst figure among the countries of the Eurozone followed by that of Spain -3,2%. 

The production of durable goods increased by 3,9% in the EU17, that of non-durable goods for the consumer by 1,3%, the production of energy remained unchanged, while 0,6% of goods were produced intermediate more than in July. 

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