Euro zone industrial production down by 0.4% in June

Seasonally-adjusted industrial production fell by 0.4 percent in the euro zone and by 0.2 percent in the European Union (EU) in June 2015 compared to previous months, according to estimates released on Wednesday from Eurostat, the statistical office of the EU.

The decrease in industrial production in the euro zone was due to production of durable consumer goods falling by 2.0 percent, capital goods by 1.8 percent and intermediate goods by 0.5 percent. Production of non-durable consumer goods remained stable while energy production rose by 3.2 percent.

Meanwhile, industrial production fell in the EU due to falls of production of capital goods by 1.2 percent, durable consumer goods by 0.4 percent, non-durable consumer goods by 0.3 percent and intermediate goods by 0.1 percent, while energy production rose by 1.5 percent.

However, the industrial production increased by 1.2 percent in the euro zone and by 1.7 percent in the EU in June 2015 compared with June 2014, said Eurostat.

The euro zone's year-on-year increase of 1.2 percent in industrial production was due to production of non-durable consumer goods rising by 2.5 percent, capital goods by 1.7 percent, intermediate goods by 0.2 percent and durable consumer goods by 0.1 percent, while production of energy remained stable.

In the EU, the year-on-year increase of 1.7 percent was due to production of capital goods rising by 2.4 percent, durable consumer goods by 2.2 percent, energy by 1.7 percent, non-durable consumer goods by 1.5 percent, and intermediate goods by 0.8 percent.

Among the member states of the EU, the largest decreases were registered in Greece, Estonia and The Netherlands, and the highest increases in Ireland, Denmark and Slovakia.