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Eurostat released its industrial production data for the Eurozone on Wednesday. Industrial production in the Eurozone fell 0.4% in June, missing expectations for a 0.2% decline, after a 0.4% drop in May.
The decrease was driven by a drop in durable consumer goods and capital output. Durable consumer goods were down 2.0% in June, while capital goods output slid by 1.8%.
Intermediate goods declined by 0.5% in June, energy output climbed by 3.3%, while non-durable consumer goods output was flat.
On a yearly basis, Eurozone's industrial production gained 1.2% in June, missing expectations for a 1.5% rise, after a 1.6% increase in May.
The increase was driven by a rise in non-durable consumer goods, capital goods and intermediate goods. Non-durable consumer goods climbed by 2.2% in June from a year ago, capital goods rose by 1.7%, while intermediate goods output gained by 0.2%.
Durable consumer goods were up by 0.1%, while energy output was flat.
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