Eurozone June industrial production +0.5% vs -0.1% m/m expected | Forexlive

• Prior +0.2%; revised to 0.0%

This is a welcome beat and looking at the breakdown, it is largely driven by a rebound in energy production (+0.5%) which fell by over 2% in May. Meanwhile, there were falls observed in intermediate goods (-0.9%), capital goods (-0.7%), durable consumer goods (-0.1%) and non-durable consumer goods (-1.1%).