Eurozone industrial output growth slows in September
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data from Eurostat, industrial output in the Eurozone declined by 0.6% on a monthly basis in September after a revised rise of 1.4 % in August. This marked the first decline since June.
The monthly decrease in output in September was mainly driven by a fall of 1.6% in production of capital goods, of 0.9% in both energy and durable consumer goods while non-durable consumer goods slightly increased by 0.1%.
The largest decreases in industrial production in September came from Portugal by 6.7%, Denmark by 3.7% and the Greece by 3.6% while the output in the Netherlands and Sweden posted the largest increases by 4.3% and 2.4% respectively.
Meanwhile, the industrial production in the Eurozone increased by 3.3% in September, compared with the same month of 2016. The increase was attributed to an increase of 6.9% in consumer goods while energy output declined by 1.7%.
The monthly decrease in output in September was mainly driven by a fall of 1.6% in production of capital goods, of 0.9% in both energy and durable consumer goods while non-durable consumer goods slightly increased by 0.1%.
The largest decreases in industrial production in September came from Portugal by 6.7%, Denmark by 3.7% and the Greece by 3.6% while the output in the Netherlands and Sweden posted the largest increases by 4.3% and 2.4% respectively.
Meanwhile, the industrial production in the Eurozone increased by 3.3% in September, compared with the same month of 2016. The increase was attributed to an increase of 6.9% in consumer goods while energy output declined by 1.7%.
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