Strong industrial performance in Eurozone
Euro zone industrial production was stronger than expected in July, data showed on European Union’s statistics office Eurostat said industrial output in the 19 countries sharing the euro rose 1.5% month-on-month in July for a 7.7% year-on-year rise. Economists polled by Reuters had expected a 0.6% monthly and a 6.3% annual rise.
Eurostat said capital goods output jumped 2.7% month-on-month in July after a 1.1% drop in June, for a 5.9% increase against the same period in 2020. Non-durable consumer goods production was up 3.5% on a monthly basis and 10.1% annually.
Read more on CDE News