NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Eurozone Industrial Output Slows in June - Eurostat

Published 12/08/2022, 11:14
© Reuters.

By Scott Kanowsky 

Investing.com -- The output of industrial firms in the Eurozone decelerated in June, but still came in above estimates, as a slowdown in the production of non-durable consumer goods was partially offset by strength in the capital goods sector.

Eurostat data released on Friday showed monthly industrial production rose by 0.7% in the common currency area, down from the upwardly revised reading of 2.1% in May. Economists had expected an increase of 0.2%.

On an annualized basis, the figure jumped by 2.4%, also well ahead of forecasts of 0.8%.

Production of non-durable consumer goods - or items that are consumed in one use or have a relatively short life span - weighed on overall euro area output, dropping by 3.2%. However, capital goods, which are closely linked to health of the broader economy, produced during the month moved higher by 2.6%.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.