The EU’s seasonally adjusted industrial production dropped by 10.5pc in June 2021 against the same year-ago month and by 0.2pc compared to May 2021, according to Eurostat. June is the second consecutive month of contraction after falling by 0.9pc in May 2021 against the previous month.

 

Annually, given the comparison to the COVID-19 summer in 2020, durable consumer goods grew by 16.4pc as intermediate goods rose by 16.1pc, and non-durable consumer goods increased by 8.9pc. Capital goods rose by 8.1pc year-on-year as energy also improved by 3.9pc in the same time frame.

 

Capital goods decreased by 1.2pc in June 2021 compared to the preceding month but the other categories rose month-on-month with intermediate goods up by 0.2pc, durable consumer goods gaining 0.5pc, and non-durable consumer goods increasing by 1.4pc.

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