Eurozone industrial production falls more than expected
Industrial output across the eurozone dropped more than expected in June, completely reversing the increase registered the month before, according to data out on Thursday from Eurostat.
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.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
Important legal information
Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.
