Source: Sharecast
Seasonally adjusted industrial production decreased 1.3% over the month of June, following a 1.1% increase the month before.
This was worse than the 1% decline expected by economists.
Energy production was the only component of the data to show an monthly increase at 2.9%, as production decreased for intermediate goods (-0.2%), capital goods (-2.2%), durable consumer goods (-0.6%) and non-durable consumer goods (-4.7%).
The largest monthly falls were recorded in Ireland (-11.3%), Portugal (-3.6%) and Lithuania (-2.8%), while the strongest growth was seen in Belgium (+5.1%), France (+3.8%) and Greece (+3.3%).
That meant that industrial production for the whole eurozone was just 0.2% ahead of June 2024, a big slowdown from the 3.1% annual growth registered in May and well below the 1.7% year-on-year increase pencilled in by analysts.