Industrial production in the euro area declined by 0.8% in July


In July, industrial production in the euro area fell by 0.8% compared to the previous month, Eurostat reported. A month earlier, there was also a decrease in monthly terms by 0.8%. Experts had predicted a decrease of 0.5%. In annual terms, the decline in industrial production was 0.1%, while analysts had expected growth of 1%. Industrial production in the European Union decreased by 0.7% compared to the previous month and increased by 0.8% compared to July of the previous year. The most significant decline in monthly terms was registered in Malta - by 6.3%, and in Croatia - by 5%.

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