Eurozone June production grows three times more than expected

News Image

By MG News | August 12, 2022 at 02:35 PM GMT+05:00

0:00

August 12, 2022: Eurozone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of capital goods.

The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro rose 0.7% month-on-month in June for a 2.4% year-on-year increase.

Economists polled by Reuters had expected a 0.2% monthly and 0.8% year-on-year gain.

Eurostat said that the production of capital goods, which include things like machinery, equipment, vehicles or tools, rose 2.6% in the month and 7.6% in annual terms.

This helped offset a 0.1% month and a 0.5% year-on-year fall in the output of intermediate goods and a 3.2% monthly and 1.1% annual drop in the output of non-durable consumer goods.

Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 130,575.09
96.07M
0.18%
231.06
ALLSHR 81,218.94
247.48M
0.24%
194.96
KSE30 39,959.13
42.51M
0.13%
50.87
KMI30 189,999.92
54.30M
0.25%
464.92
KMIALLSHR 54,885.94
130.50M
0.19%
102.28
BKTi 34,851.54
8.87M
-0.26%
-89.19
OGTi 28,568.36
9.86M
0.96%
272.31
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,525.00 110,105.00
109,200.00
-760.00
-0.69%
BRENT CRUDE 68.56 69.00
68.41
-0.55
-0.80%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.93 67.50
66.78
-0.52
-0.77%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg