Euro Area industrial production declined 0.1% in July 2026, matching the fall recorded in June but performing slightly better than the 0.2% contraction expected by markets. The monthly decline reflected weaker output of non-durable consumer goods, which fell 1.6% (vs 1.8% in June) while energy production growth slowed to 0.9% from 1.4%. In contrast, production of intermediate goods recovered by 0.3% after a 0.9% decline, while capital-goods output increased 0.5%, reversing the previous month’s 1.8% drop. Durable consumer-goods production also strengthened, rising 0.9% from 0.4% previously. Performance varied across the bloc’s largest economies, with industrial output falling 1.5% in Germany and 0.4% in France, while Spain recorded a 0.6% increase. On an annual basis, Euro Area industrial production was unchanged in July, slightly outperforming expectations for a 0.1% decline.