FX.co ★ Eurozone Industrial Output Falls Less than Expected

In August 2025, Eurozone industrial production experienced a decline of 1.2% compared to the previous month, reversing the upwardly revised increase of 0.5% observed in July. This decrease was slightly better than the anticipated 1.6% decline forecasted by markets. The primary contributor to this downturn was the output of capital goods, which dropped by 2.2% following a 1.7% rise in July. This was followed by reductions in durable consumer goods (-1.6% compared to a 1.2% increase previously), energy (-0.6% versus a -1.7% decrease), and intermediate goods, which saw a slight reduction of 0.2% compared to a previous growth of 0.5%. Output for non-durable consumer goods almost stagnated, exhibiting a minor increase of 0.1% in contrast to the 1.8% growth seen in July. Among the Eurozone's major economies, industrial production fell in Germany (-5.2% following a 1.5% increase), Italy (-2.4% compared to a 0.4% rise), France (-0.7% versus a -0.1% change), and Spain (-0.1% compared to -0.5%). Conversely, the Netherlands experienced growth of 2.3% following a 1.3% decline in the previous month. On a year-over-year basis, the growth rate of Eurozone industrial production decelerated to 1.1% in August, down from 2.0% in July.