Eurozone industrial production dropped -0.4% mom in July, well below expectation of 0.1% mom. EU28 industrial production dropped -0.1% mom. In the euro area, for monthly comparison. Production of non-durable consumer goods fell by -0.8% mom, energy by -0.7% mom and intermediate goods by -0.3% mom, while production of durable consumer goods rose by 1.2% mom and capital goods by 1.8% mom.
Among Member States of EU28 for which data are available, the largest decreases in industrial production were registered in Romania (-3.3% mom), Estonia (-2.9% mom) and Latvia (-2.1% mom). The highest increases were observed in Croatia (4.9% mom), Portugal (3.6% mom) and Denmark (3.5% mom).
Also released, Germany CPI was finalized at -0.2% mom, 1.4% yoy in August. Swiss PPI dropped -0.2% mom, -1.9% yoy in August.