Euro Area Industrial Production Mom

Eurozone industrial production slipped 1.2% month-over-month in August 2025, reversing an upwardly revised 0.5% gain in July and narrowly beating market expectations of a 1.6% drop. Capital goods output was the main drag, falling 2.2% after a 1.7% increase in July, followed by declines in durable consumer goods (-1.6% vs 1.2%), energy (-0.6% vs -1.7%), and intermediate goods (-0.2% vs 0.5%). Non-durable consumer goods output nearly stagnated at 0.1% compared with 1.8% in July. Among the Eurozone’s largest economies, output fell in Germany (-5.2% vs 1.5%), Italy (-2.4% vs 0.4%), France (-0.7% vs -0.1%), and Spain (-0.1% vs -0.5%), while the Netherlands posted growth of 2.3% after a 1.3% decline the previous month. On an annual basis, Eurozone industrial production growth slowed to 1.1% in August from 2.0% in July.