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Eurozone August factory output declines 0.5%

by ChemOrbis Editorial Team -
  • 14/10/2015 (15:00)
According to data from Eurostat, industrial production in the eurozone fell at the fastest pace in a year in August, declining by 0.5% from a month earlier in line with economists’ expectations. In July, the region’s industrial output had posted a revised increase of 0.8%. On a yearly basis, meanwhile, growth in industrial output slowed from a revised gain of 1.7% in the previous month.

Weaker industrial output was attributed to lower production for energy, capital goods and non-durable goods which fell 3%, 1% and 0.1% on the month, respectively as well as weakening demand from emerging markets. However, production of intermediate goods rose 0.2% and durable consumer goods production increased 2.3% in August from a month earlier.

Among the member states, the largest decreases in industrial production on a monthly basis were reported in Czech Republic (-4.3%), Croatia (-4.1%) and Lithuania (-3.5%) while the largest increases were seen in Sweden (+4.0%), Greece (+3.9%), Denmark and France (both +1.6%), according to Eurostat.
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