Eurozone industrial production rose 1.5% more than expected in July, according to data released Wednesday, September 15th, thanks to higher production of capital goods and consumer non-durable goods.<\/p>\n\n\n\n
The European statistics office Eurostat reported that industrial production in the 19 countries dealing in the euro currency rose 1.5% on a monthly basis in July, and by 7.7% on an annual basis.<\/p>\n\n\n\n
Economists polled by Reuters had expected a monthly increase of 0.6% and an annual increase of 6.3%.<\/p>\n\n\n\n
Capital goods production jumped 2.7 percent month-on-month in July after falling 1.1 percent in June, registering a 5.9 percent increase from the same month a year earlier.<\/p>\n\n\n\n
Production of non-durable consumer goods increased 3.5% on a monthly basis and 10.1% annually.<\/p>\n\n\n\n
Compared to last year, the production of intermediate goods increased by 11.2 percent and durable consumer goods by 9.8 percent.<\/p>\n\n\n\n
The data beat expectations at the start of the third quarter after the eurozone economy grew 2.2% in the second quarter as coronavirus restrictions eased to catalyze a recovery from a short recession.<\/p>\n\n\n\n
<\/p>\n\n\n\n
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Eurozone industrial production rose 1.5% more than expected in July, according to data released Wednesday, September 15th, thanks to higher production of capital goods and consumer non-durable goods. The European statistics office Eurostat reported that industrial production in the 19 countries dealing in the euro currency rose 1.5% on a monthly basis in July, and …<\/p>\n","protected":false},"author":9,"featured_media":44258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839],"class_list":["post-50826","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=50826"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50826\/revisions"}],"predecessor-version":[{"id":50827,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50826\/revisions\/50827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44258"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=50826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}