Eurozone industrial production rose in August well more than expected compared to July, according to data released by Eurostat. Encouraging signs, in spite of all the recessionary indications received in recent months from business surveys.
The increase in the euro area was +1,2% compared to the previous month, and 0,9% in the EU27 as a whole, after increases also in July (respectively +1,1% and +0,9, XNUMX%). According to Eurostat in the comparison on an annual basis, production increased by 5,3% in the euro area and 4,3% per cent in the EU 27.
According to the Community Statistical Office Italy recorded the third strongest increase, with a +4,3% of production between July and August, after the plus 8,2% of Portugal and the plus 4,4% of Ireland. In Germany, however, production fell by 1%, in France it rose by 0,6%, in Great Britain by 0,2 percent. The sharpest drops were recorded in Denmark (-3%), Sweden (-2,7%) and Bulgaria (-2,1%).
