Eurozone industrial output drops 0.8% in September

According to data from Eurostat, industrial output in the Eurozone dropped 0.8% on a monthly basis in September following an increase of 1.8% in August. The decrease in September’s figure posted the largest decrease in four months although it was not as sharp as economists had forecasted at 1%. However, it is reported that Eurozone industrial output grew 1.2% compared to the same month of 2015.

Across the Eurozone, non-durable consumer goods output increased by 0.3% while durable consumer goods, capital goods, intermediate and energy goods output dropped by 5.6%, 2.2%, 0.7% and 0.2%, respectively.

Meanwhile, data showed that the largest fall on the month in industrial production was recorded in Denmark (-8.1%) among Member States.