Eurozone industrial production unexpectedly fell in September

According to the report from Eurostat, in September 2020, the seasonally adjusted industrial production fell by 0.4% in the euro area and remained unchanged in the EU, compared with August 2020. Economists had expected a 0.7% increase in the euro area. In August 2020, industrial production grew by 0.6% in the euro area and by 0.9% in the EU.

In September 2020 compared with September 2019, industrial production decreased by 6.8% in the euro area and by 5.8% in the EU. 

In the euro area in September 2020, compared with August 2020, production of durable consumer goods fell by 5.3%, energy by 1.0%, while production of intermediate goods rose by 0.5%, capital goods by 0.6% and nondurable consumer goods by 2.1%. In the EU, production of durable consumer goods fell by 3.9%, energy by 0.7%, while production of intermediate goods rose by 0.6%, capital goods by 1.2% and non-durable consumer goods by 1.4%.

In the euro area in September 2020, compared with September 2019, production of capital goods fell by 13.3%, energy by 4.5%, intermediate goods by 3.7%, durable consumer goods by 1.7% and non-durable consumer goods by 1.5%. In the EU, production of capital goods fell by 11.9%, energy by 4.8%, intermediate goods by 2.8% and non-durable consumer goods by 1.7%, while production of durable consumer goods rose by 0.7%.