Industrial production across the euro area has fallen, leading to calls from businesses to ensure the EU ‘acts before a crisis attacks.’
As of June 2018, seasonally adjusted industrial production fell by 0.7% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.\
According to the report: ”In May 2018, industrial production rose by 1.4% in the euro area and by 1.3% in the EU28. In June 2018 compared with June 2017, industrial production increased by 2.5% in the euro area and by 2.6% in the EU28.
”The decrease of 0.7% in industrial production in the euro area in June 2018, compared with May 2018, is due to production of capital goods falling by 2.9%, non-durable consumer goods by 0.6%, intermediate goods by 0.5% and durable consumer goods by 0.4%, while production of energy rose by 0.5%.”
to read the full report, see here.