Euro area industrial production snaps back in June

12 July 2019

(Sharecast News) - Euro area industrial production snapped back in May with healthy rises in the output of both capital goods and consumer durables, but remained lower in annual terms.
According to <em>Eurostat</em>, Eurozone industrial output jumped at a 0.9% month-on-month clip (consensus: 0.2%), led by a 2.7% increase in the production of non-durable consumer goods, a 2.3% rise in that of durable ones and a jump of 1.3% in that of capital goods.

French industrial output was especially strong, bounding ahead by 2.1% versus April, followed by growth of 0.9% in Italy and the Netherlands, 0.7% in Germany and 0.5% in Spain.

However, versus a year ago, industrial production was down by 0.5% (consensus: -1.6%).