<ul><li>Prior +0.7%</li><li>Industrial production -2.4% vs +0.4% y/y expected</li><li>Prior +2.4%</li></ul><p style=““ class=“text-align-justify“>That’s a big miss on estimates as euro area industrial output slumped heavily in July. Looking at the details, production of capital goods fell by 4.2%, durable
consumer goods by 1.6% and intermediate goods by 0.8%, while production of energy rose by 0.4% and nondurable consumer goods by 1.2%.</p>
consumer goods by 1.6% and intermediate goods by 0.8%, while production of energy rose by 0.4% and nondurable consumer goods by 1.2%.</p>
This article was written by Justin Low at forexlive.com.