Eurozone factory output falls for second straight month in Sept
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, data from Eurostat showed that industrial production in the eurozone fell for a second straight month in September, declining by 0.3% from a month earlier. Economists had expected to see a stable trend in industrial output in September. On a yearly basis, however, the region’s factory output rose 1.7%. Slower production from regional powerhouse Germany, which saw a 1.2% drop in factory orders on the month, was cited as the main reason for the downturn.
The data revealed that production of durable consumer goods slipped 3.9% month over month in September while production of non-durable goods and capital goods fell 1% and 0.3%, respectively. However, production of intermediate goods remained steady while energy production climbed 1.2% in September from a month earlier.
Across the region, the largest decreases in industrial production on a monthly basis were reported in Ireland (-2.4%), Lithuania (-2.3%) and Greece (-1.9%) while the largest increases were seen in Croatia (+5.9%), Hungary (+2.9%), the Czech Republic (+2.6%) and Slovakia (+2.2%).
The data revealed that production of durable consumer goods slipped 3.9% month over month in September while production of non-durable goods and capital goods fell 1% and 0.3%, respectively. However, production of intermediate goods remained steady while energy production climbed 1.2% in September from a month earlier.
Across the region, the largest decreases in industrial production on a monthly basis were reported in Ireland (-2.4%), Lithuania (-2.3%) and Greece (-1.9%) while the largest increases were seen in Croatia (+5.9%), Hungary (+2.9%), the Czech Republic (+2.6%) and Slovakia (+2.2%).
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