Production in the eurozone industry is stronger than expected by Reuters in September
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BRUSSELS (Reuters) – Eurozone industrial production fell less than expected in September, with data on Friday showing it had fallen higher than expected year-on-year due to rising production of non-durable consumer goods.
Eurostat, the European Union’s statistical office, said industrial production in the 19 countries that share the euro fell by 0.2% month-on-month in September, with year-on-year growth of 5.2%.
Economists surveyed by Reuters forecast a 0.5% month-on-month decline and a 4.1% year-on-year rise in September.
Production of non-durable consumer goods, such as food or clothing, rose by 1.0% month-on-month and was 8.5% higher than in September 2020.
Production of capital goods, such as machinery and equipment, was 0.7% weaker than the previous month, but 5.9% higher year-on-year. Good intermediate products also fell by 0.2% in September, 5.0% more than the previous year.
The production of durable goods grew by 0.5% month-on-month and by 1.1% year-on-year.
Energy production has not changed from month to month and year to year.
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