Financial News: Eurozone Industrial Production Falls In September

Eurozone Industrial Production Falls In September

11/14/2024 - 05:38:00 (RTTNews)

(RTTNews) - Eurozone industrial production declined in September on decreases in energy and capital goods output, data released by Eurostat showed on Thursday.

Industrial output fell 2.0 percent month-on-month in September, in contrast to the 1.5 percent increase in August. The decline was also bigger than forecast of -1.3 percent.

The monthly fall reflects 3.8 percent decrease in capital goods output and a 1.5 percent drop in energy output.

Meanwhile, durable and non-durable consumer goods production increased 0.5 percent and 1.6 percent, respectively. At the same time, intermediate goods output remained flat in September.

Year-on-year, the decline in industrial production deepened to 2.8 percent in September from 0.1 percent in August. Output was expected to drop 2.0 percent.

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