Industrial production up by 4.1% in both euro area and EU

Covid-19 and economy in euro area: In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the seasonally adjusted industrial production rose by 4.1% in both the euro area and EU, compared with June 2020, according to estimates from Eurostat.

In June 2020, industrial production rose by 9.5% in the euro area and by 9.6% in the EU.

In July 2020 compared with July 2019, industrial production decreased by 7.7% in the euro area and by 7.3% in the EU.

Monthly comparison

In the euro area in July 2020, compared with June 2020, production of capital goods rose by 5.3%, durable consumer goods by 4.7%, intermediate goods by 4.2%, non-durable consumer goods by 3.9% and energy by 1.1%.

In the EU, production of capital goods rose by 5.6%, durable consumer goods by 4.8%, intermediate goods by

3.9%, non-durable consumer goods by 2.8% and energy by 1.3%.

The highest increases were registered in Portugal (+11.9%), Spain (+9.4%) and Ireland (+8.3%). Decreases were observed in Denmark (-4.9%), Latvia (-0.8%) and Belgium (-0.5%).

Annual comparison

In the euro area in July 2020, compared with July 2019, production of capital goods fell by 10.4%, intermediate

goods by 9.3%, energy by 6.2%, durable consumer goods by 3.8% and non-durable consumer goods by 1.9%.

In the EU, production of capital goods fell by 10.2%, intermediate goods by 8.7%, energy by 6.6%, non-durable consumer goods by 2.5% and durable consumer goods by 2.0%.

The largest decreases were observed in Denmark (-13.6%), Germany (-11.6%) and Portugal (-9.6%). Increases

were registered in Ireland (+15.6%), Poland (+0.9%) and Latvia (+0.1%).