Eurozone June industrial production +0.7% vs +0.2% m/m expected

• Prior +0.8%; revised to +2.1%
• Industrial production +2.4% vs +0.8% y/y expected
• Prior +1.6%

The material revision higher in May is something to note but the June reading is also solid, reflecting another monthly increase in industrial output. Looking at the details, production of capital goods rose by 2.6% and energy by 0.6%, while production of intermediate goods fell by 0.1%, durable consumer goods by 0.6% and non-durable consumer goods by 3.2%.

That said, this pertains to Q2 data and from the PMI readings, we already saw indications of a significant decline in factory activity in July so that is the latest look at the euro area economy.

/EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term