Euro zone industrial output increases 0.6%

Euro zone industrial output in August rose 0.6 per cent from July but was down 0

Euro zone industrial output in August rose 0.6 per cent from July but was down 0.8 per cent year-on-year, the EU statistics institute Eurostat said.

Eurostat revised its July figures to a 0.8 per cent month-on-month fall from a decline of 0.9 per cent and to a year-on-year decrease of 0.3 per cent from a drop of 0.5 per cent.

In August, euro zone intermediate goods and non-durable consumer goods rose by 1 per cent from July, and capital goods were up 0.3 per cent. Energy fell 1.6 per cent and durable consumer goods were down 0.7 per cent.

Year-on-year, euro zone durable consumer goods were down 7.9 per cent, capital goods fell 1.2 per cent, energy dropped 1 per cent, and non-durable consumer goods were 0.9 per cent lower; intermediate goods were up 0.4 per cent.

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In the EU, Eurostat said industrial output rose 0.3 per cent in August from July but was down 1.5 per cent year-on-year.

It revised the EU July figures to a month-on-month fall of 0.1 per cent from a 0.2 per cent decline and to a 0.5 per cent dip from a 0.7 per cent decrease for the yearly change.

AFP