Advertisement
Canada markets open in 2 hours 6 minutes
  • S&P/TSX

    21,823.22
    +94.67 (+0.44%)
     
  • S&P 500

    5,064.20
    +45.81 (+0.91%)
     
  • DOW

    38,225.66
    +322.37 (+0.85%)
     
  • CAD/USD

    0.7317
    +0.0004 (+0.05%)
     
  • CRUDE OIL

    79.16
    +0.21 (+0.27%)
     
  • Bitcoin CAD

    80,864.16
    +1,107.28 (+1.39%)
     
  • CMC Crypto 200

    1,277.32
    +0.34 (+0.03%)
     
  • GOLD FUTURES

    2,305.30
    -4.30 (-0.19%)
     
  • RUSSELL 2000

    2,016.11
    +35.88 (+1.81%)
     
  • 10-Yr Bond

    4.5710
    -0.0240 (-0.52%)
     
  • NASDAQ futures

    17,758.75
    +109.00 (+0.62%)
     
  • VOLATILITY

    14.49
    -0.19 (-1.29%)
     
  • FTSE

    8,209.62
    +37.47 (+0.46%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6805
    -0.0012 (-0.18%)
     

Eurozone June production grows three times more than expected

FILE PHOTO: Stellantis plant for the e-DCT electrified automatic vehicle transmission in Metz

BRUSSELS (Reuters) - Euro zone 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% on the month and 7.6% in annual terms.

ADVERTISEMENT

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.

(Reporting by Jan Strupczewski)