Eurozone industrial production jumped in June
The June data for industry looks rather upbeat at face value with growth for a third month in a row and production at the highest level since December 2017. This means that industrial production contributed positively to GDP in the second quarter. The improvement in the supply of inputs is causing supply to catch up with previous demand, which has been significant over the course of the pandemic. Still, in June, growth in production was mainly driven by a continued surge in capital goods production while consumer- and intermediate goods ...
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