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Eurozone industrial output rises in August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/10/2016 (15:12)
Industrial output in the Eurozone rose in August following a drop in July, according to data from Eurostat. Production increased 1.6% month over month in August while it was also up 1.8% compared to the same month of 2015.

The August figure also exceeded economists’ forecasts, which called for a gain of 1.5% on a monthly basis and 1.1% on a yearly basis in a survey by Reuters.

Across the Eurozone, this monthly rise stemmed from durable consumer goods output such as cars or fridges increasing by 4.3%, capital goods by 3.5%, energy by 3.3% and intermediate goods by 1.4%. However, non-durable consumer goods output dropped by 0.6%.
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