Eurozone industrial production for July beats estimates
FXStreet (Mumbai) – According to estimates from Eurostat, the statistical office of the European Union, the industrial production in the Eurozone in July rose 1.9% year-on-year, beating the estimate of a drop to 0.65 from June’s 1.5%.
Month-on-month, the data printed at 0.6%, beating the estimate of a rise to 0.35 from June’s -0.3%. The increase of 1.9% in industrial production in the euro area in July 2015, compared with July 2014, is due to production of energy rising by 5.1%, durable consumer goods by 2.6%, capital goods by 2.2%, non-durable consumer goods by 1.7% and intermediate goods by 0.5%.
According to estimates from Eurostat, the statistical office of the European Union, the industrial production in the Eurozone in July rose 1.9% year-on-year, beating the estimate of a drop to 0.65 from June’s 1.5%.
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