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Industrial production growth in both the Eurozone and the European Union slowed in September, mainly due to the drop in capital and intermediate goods.
Source: Eurostat
EZU is flat, while VGK is up 0.22% premarket.
Seasonally adjusted industrial production in the Eurozone in September contracted by 0.2% from the previous month’s -1.7% but recorded a 5.2% increase when compared to the same month last year.
Seasonally adjusted industrial production in the European Union fell by 0.5% from August’s -1.5% but remained higher than the 5.0% growth reported in September 2020.
The Eurozone saw a drop in the production of capital and intermediate goods, an increase in durable and non-durable consumer goods, and stable growth in energy. The EU saw similar trends across industrial groups.
The largest monthly declines were in Denmark, Czechia, and Austria, while the biggest increases were in Estonia, Lithuania, and Belgium.
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