According to data from the European statistics office the industrial production in the European Union and in the eurozone recovered in June after a sharp decline in the previous month, whilst a slight increase was also recorded in Croatia.

Seasonally adjusted industrial production in the EU in June increase by 0.5 percent in comparison to May when it plunged by 1.1 per cent, according to calculations by Eurostat. The eurozone also recorded a recovery of the industrial production in June which grew by 0.6 percent, after a 1.2 percent drop in the previous month.

Among the EU countries which had the biggest increase in industrial production in June were Ireland (7.1%), followed by Bulgaria (3.9%) and Greece (3.8%). Croatia had the lowest positive rate of production growth among the EU member countries. A decline in industrial production in June was recorded in Estonia (3.1%), Hungary (2.3%) and Malta (1.6%).

In the EU and in the eurozone the most powerful production was recorded of capital goods (1.4 %), whilst the production of consumer durables increased by 1.3 percent. The energy production fell by 3.1 percent in the European Union and 3.5 percent in the eurozone.

According to more data available from Eurostat among the EU countries with the biggest increase in industrial production on annual basis in June were Latvia (7.9%), Greece (7.6%) and Slovenia (6.1%). Croatia recorded an increase of 4.1 percent in June thus it was in a group with Bulgaria and the Czech Republic which had an increase of 3.9 percent whilst Finland recorded an increase of 4.3%. The biggest decline in the industrial production on an annual basis in June included Malta (8.5%), Estonia (4.6%) and Sweden (3.1%).