Euro zone industry output stronger than
expected in Sept
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[November 12, 2021]
BRUSSELS (Reuters) - Euro zone
industrial production dipped by less than expected in September, data
showed on Friday, leaving it higher than anticipated year-on-year due to
a surge in output of non-durable consumer goods. |
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A worker wears a protective mask at the Volkswagen assembly line after
VW re-starts Europe's largest car factory after coronavirus shutdown in
Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus
disease (COVID-19) continues. Swen Pfoertner/Pool via REUTERS |
The
European Union's statistics office Eurostat said industrial
production in the 19 countries sharing the euro fell 0.2%
month-on-month in September for a 5.2% year-on-year increase.
Economists polled by Reuters had forecast a 0.5% decline
month-on-month and a 4.1% increase year-on-year in September.
Production of non-durable consumer goods, such as food or
clothing, rose by 1.0% in the month and were 8.5% higher than in
September 2020.
Output of capital goods, such as machinery and equipment, was
0.7% weaker than a month earlier, but 5.9% higher year-on-year.
Intermediate good production also dipped in September, by 0.2%,
while being 5.0% higher than in the previous year.
Durable goods production increased 0.5% in the month and by 1.1%
year-on-year.
Energy output was unchanged both month-on-month and
year-on-year.
(Reporting by Philip Blenkinsop)
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