Eurozone Industrial Output Growth At 9-Month High

Eurozone industrial production growth accelerated to a nine-month high in August, data from Eurostat showed Thursday.

Industrial production climbed 1.4 percent month-on-month in August, faster than the 0.3 percent rise seen in July. This was the biggest growth since November 2016, when output grew 1.6 percent.

Economists had forecast a monthly 0.6 percent increase.

Among components, intermediate goods output climbed 1.2 percent and capital goods output advanced 3.1 percent. Likewise, production of durable consumer goods gained 1.3 percent.

Energy output rose only 0.2 percent and non-durable consumer goods output remained flat in August.

On a yearly basis, growth in industrial production improved to 3.8 percent from 3.6 percent in July. Output was forecast to climb 2.6 percent.
Source: RTT News