Euro area industrial production growth beats market estimates in June
Eurozone industrial output increases for 3rd consecutive month
![Euro area industrial production growth beats market estimates in June](https://cdnuploads.aa.com.tr/uploads/Contents/2022/08/12/thumbs_b_c_d03fa04b3f37f552fcc452b399dd9762.jpg?v=130900)
ANKARA
Euro area industrial production grew 0.7% in June from a month ago, beating market estimates of a 0.2% rise, the EU’s statistical office reported on Friday.
The figure, following a sharply revised 2.1% growth in May, climbed for the third month in a row.
In the EU, industrial production was up 0.6% in June, after rising 1.9% in May, according to Eurostat data.
Production of capital goods increased by 2.6% and energy by 0.6%, but fell for durable goods by 1.1% and non-durable goods by 2.3%.
On an annual basis, industrial production jumped 2.4% in the euro area and 3.2% in the EU.
The highest annual increases were registered in Ireland (25.4%), Denmark (25%) and Bulgaria (17.4%).
The largest annual declines in industrial output were seen in Belgium (minus 11.6%), Slovakia (minus 5.7%) and Romania (minus 3.7%).