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EUROZONE DATA
(MNI) LONDON
Industrial production in the eurozone jumped by 1.5% between June and July, far exceeding expectations of a 0.6% gain, with signs pointing to increased vaccine output through the month.
- Output for June was revised slightly higher, declining just 0.1% over May versus the initially-published 0.3% decline, according to Eurostat data released on Wednesday.
- Over the year to July, industrial production expanded by 7.7%, topping forecasts of a 6.0% increase, following an upwardly revised 10.1% gain in June.
- Production of non-durable consumer goods increased by 3.5% in July, while intermediate goods rose 0.4% and capital goods rose by 2.7%. Energy output declined by 0.6%.
- Irish output led the eurozone, rising by 7.8% between June and July, while Belgian output increased by 5.0%. Both countries received regulatory approval for expanded production of the Pfizer Covid vaccine over the spring, which may have contributed to the boost in output.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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