Euro zone industrial production up by 0.6 pct in July

Seasonally-adjusted industrial production rose by 0.6 percent in the euro zone and by 0.3 percent in the European Union (EU) in July compared with the previous month, reverting to a positive upward trend after June's falling, official data showed on Monday

The 0.3-percent increase in the euro zone was due to production of energy rising by 3.0 percent, capital goods by 1.4 percent and durable consumer goods by 1.3 percent, while production of both intermediate goods and non-durable consumer goods fell by 0.6 percent, EU statistical office Eurostat said.

Among member states, the highest increase emerged in Ireland with up by 7.2 percent, followed by Greece with a rising by 4.3 percent. However Denmark saw the largest decrease with down by 4.6 percent.

The industrial production in the bloc's powerhouse Germany saw growth by 0.5 percent month on month, the figure should be regarded as a relief after the plummeting in June with down by 0.6 percent.

On a year-on-year basis, the industrial production in the single currency bloc also enjoyed a stronger-than-expected rising by 1.9 percent. In the wider EU, the figure showed an increase by 1.8 percent.

In June, the seasonally-adjusted industrial production fell by 0.4 percent in the euro zone and by 0.2 percent in the EU, prompting concern in the market. Endit