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== Developments ==
== Developments ==
[[File:Screenshot 2023-09-13 110336.png|center|thumb|808x808px|https://ec.europa.eu/eurostat/documents/2995521/17490084/4-13092023-AP-EN.pdf/6966cc5c-6f8a-6225-ab1a-bb43090d6884?version=1.0]]
=== July 2023 ===
Euro zone industrial production dropped much more than expected in July, underlining downward revisions of economic growth for this year in European Commission forecasts.
* The European Union's statistics office Eurostat said industrial production in the 20 countries sharing the euro fell 1.1% month-on-month in July for a 2.2% year-on-year decline. Economists polled by Reuters had expected a 0.7% monthly fall and a 0.3% year-on-year easing.
* The weaker than expected numbers were a result of sharp declines in the output of capital goods and durable consumer goods month-on-month, and durable consumer goods, energy and intermediate goods year on year.
* Compared with data issued in the News Release 92/2023 of 16 August 2023, the monthly percentage change for June 2023 has been revised from +0.5% to +0.4% in the euro area and remained unchanged at +0.4% in the EU. The annual percentage change has been revised from -1.2% to -1.1% in both the euro area and the EU.
{| class="wikitable"
! rowspan="2" |<ref>https://ec.europa.eu/eurostat/documents/2995521/17490084/4-13092023-AP-EN.pdf/6966cc5c-6f8a-6225-ab1a-bb43090d6884?version=1.0</ref>
! colspan="6" |%  change compared with previous month*
! colspan="6" |%  change compared with same month of the previous year*
|-
!Feb-23
!Mar-23
!Apr-23
!May-23
!Jun-23
!Jul-23
!Feb-23
!Mar-23
!Apr-23
!May-23
!Jun-23
!Jul-23
|-
!Euro area
! colspan="12" |
|-
|Total industry
|1.8
| -4.5
|1.3
|0.1
|0.4
|'''-1.1'''
|1.7
| -1.5
| -0.1
| -2.4
| -1.1
|'''-2.2'''
|-
|Intermediate goods
|0.8
| -1.1
| -0.7
|0.4
| -1.0
|'''0.2'''
| -5.1
| -4.6
| -6.2
| -5.6
| -6.3
|'''-5.0'''
|-
|Energy
|0.8
| -1.1
| -0.1
| -2.2
|0.4
|'''1.6'''
| -4.4
| -6.4
| -8.1
| -6.7
| -7.3
|'''-5.7'''
|-
|Capital goods
|1.8
| -15.4
|15.3
|1.1
| -0.3
|'''-2.7'''
|9.6
| -1.9
|8.5
|2.5
|4.7
|'''0.4'''
|-
|Durable consumer goods
| -0.4
|2.5
| -2.8
| -1.1
| -0.5
|'''-2.2'''
| -3.0
|0.4
| -4.2
| -5.8
| -5.5
|'''-6.7'''
|-
|Non-durable consumer goods
|0.9
| -0.6
| -3.7
|0.9
| -1.4
|'''0.4'''
|4.0
|6.1
| -0.4
| -2.7
|0.2
|'''-0.6'''
|-
!EU
! colspan="12" |
|-
|Total industry
|1.6
| -3.8
|1.0
|0.0
|0.4
|'''-1.1'''
|1.9
| -1.3
| -0.1
| -2.0
| -1.1
|'''-2.4'''
|-
|Intermediate goods
|0.3
| -1.2
| -0.7
|0.3
| -0.9
|'''0.1'''
| -5.4
| -5.4
| -6.5
| -6.1
| -6.6
|'''-5.5'''
|-
|Energy
|0.8
| -1.3
| -0.4
| -2.5
|0.2
|'''1.5'''
| -5.2
| -9.1
| -8.6
| -8.0
| -8.7
|'''-7.4'''
|-
|Capital goods
|1.7
| -12.9
|12.5
|1.1
| -0.3
|'''-2.4'''
|9.7
|0.7
|9.0
|3.5
|5.1
|'''1.0'''
|-
|Durable consumer goods
| -0.5
|1.8
| -2.3
| -1.0
| -0.7
|'''-1.9'''
| -4.8
| -2.2
| -5.7
| -7.0
| -6.7
|'''-7.3'''
|-
|Non-durable consumer goods
|1.8
| -0.9
| -2.8
|1.1
| -0.6
|'''-0.8'''
|6.6
|6.5
|1.1
| -0.2
|2.3
|'''0.5'''
|}
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