Eurozone industrial production up by 1.0% in July

The seasonally adjusted industrial production of eurozone experienced a 1.0-percent month-on-month increase July, the Eurostate says. The data for the European Union (EU) experienced a 1.1-percent increase at the same time. Both regions experienced 4.2 percent and 3.6 percent annual growth in July. In July compared with June 2011, production of capital goods grew by 3.0 percent in the eurozone and by 3.6 percent in the EU. Durable consumer goods rose by 2.9 percent and 2.8 percent respectively. Intermediate goods increased by 0.8 percent in the eurozone and by 1.4 percent in the EU. Meanwhile, non-durable consumer goods fell by 0.6 percent and 0.3 percent respectively. Production of energy dropped by 0.8 percent in the eurozone and by 1.3 percent in the EU. Among the member states for which data are available, industrial production rose in 14, fell in eight and remained stable in the United Kingdom. The highest increases were registered in Estonia with 4.7 percent month-on-month increase, the largest decrease was found in Slovakia, a 3.4 percent fall.