BRUSSELS—Eurozone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of capital goods.
The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro rose 0.7 percent month-on-month in June for a 2.4 percent year-on-year increase.
Economists polled by Reuters had expected a 0.2 percent monthly and 0.8 percent year-on-year gain.
Eurostat said that the production of capital goods, which include things like machinery, equipment, vehicles or tools, rose 2.6 percent on the month and 7.6 percent in annual terms.
This helped offset a 0.1 percent month and a 0.5 percent year-on-year fall in the output of intermediate goods and a 3.2 percent monthly and 1.1 percent annual drop in the output of non-durable consumer goods.
Friends Read Free