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EU and Eurozone industrial production increases monthly but declines year-on-year, Joseph Politano notes

EU and Eurozone industrial production increases monthly but declines year-on-year, Joseph Politano notes
EU industrial output rises month-on-month

Joseph Politano reports that EU industrial production rose by 0.8% and Eurozone industrial production increased by 0.2% on a month-on-month basis according to data released yesterday.

However, when compared to the same period last year, industrial output declined by 2.1% in the Eurozone and by 1% in the EU. Year-on-year growth rates by country were also highlighted, with Denmark showing a 16.8% increase.

Politano recently noted that the Eurozone jobless rate dropped to 6.2 percent, matching a historic low. The EU-wide unemployment rate held steady at 6 percent during the same period. Countries including Czechia, Bulgaria, and Poland led the region in employment gains.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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