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- Eurozone’s industrial production declines 0.3% in September
Eurozone’s industrial production declines 0.3% in September
Eurostat released its industrial production data for the Eurozone on Thursday. Industrial production in the Eurozone declined 0.3% in September, missing expectations for a 0.1% decrease, after a 0.4% fall in August. August's figure was revised up from a 0.5% drop.
The decrease was driven by declines in durable consumer goods, non-durable consumer goods and capital output. Durable consumer goods output dropped 3.9% in September, non-durable consumer goods were down 1.0%, while capital goods output fell by 0.3%.
Intermediate goods output was flat in September, while energy output climbed 1.2%.
On a yearly basis, Eurozone's industrial production gained 1.7% in September, exceeding expectations for a 1.3% rise, after a 2.2% increase in August. August's figure was revised up from a 0.9% gain.
The increase was driven by rises in durable and non-durable consumer goods, intermediate goods output and capital goods. Durable consumer goods climbed by 2.6% in September from a year ago, capital goods rose by 2.2%, intermediate goods output increased by 1.8%, while non-durable consumer goods gained by 2.1%.
Energy output was down by 1.4% in September from a year ago.
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