Eurozone industrial production significantly decreased in July, with a month-on-month decline of 1.1%, according to Eurostat. This surpasses economists' expectations, who predicted only a 0.8% drop. Year-on-year, production fell by 2.2%, compared to the anticipated 0.5% decline. EU-27 production also saw a 1.1% decline from the previous month and a 2.4% drop from the same month last year.