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EU: Industrial production down in July

EU: Industrial production down in July
Eurostat says highest annual increase in industrial production recorded in Hungary, largest decline in Estonia

By Aysu Bicer

ANKARA (AA) - The EU's industrial production fell by 1.2% in July on an annual basis, the bloc's statistical office announced Thursday.

Eurostat said the calendar-adjusted industrial production index was 104.1 in July 2019, compared to 105.4 during the same period last year.

"In the EU28, production of capital goods fell by 2.6%, intermediate goods by 2.2% and energy by 1.7%," it noted.

On the other hand, the production of durable consumer goods rose by 1.8% and non-durable consumer goods by 2.3% year-on-year.

Estonia recorded the highest decrease with 3.3 during the year among member states followed by Germany (5.3%) and Romania (5.2%), Eurostat said.

Official figures also revealed that the highest increases were observed in Hungary (8.7%), Denmark and Lithuania (both 5.1%).

The eurozone/euro area or EA19 represents member states that use the single currency -- euro -- while the EU28 includes all member countries of the bloc.

source: News Feed
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