Eurozone industrial output down 1.1% in September

By Tuba Ongun

ANKARA (AA) – Industrial production in the euro area fell 1.1% month-on-month in September, slightly worse than the market forecast, according to official data released on Wednesday.

September's figure swung from a 0.6% monthly hike in August, Eurostat data showed.

The market had expected the output to decrease 1% for the month.

The production of consumer goods and non-durable consumer goods fell 2.1% each, was down 1.3% for energy, and 0.3% for intermediate goods from a month ago in September.

The production of capital goods, on the other hand, increased 0.3% in the same period.

In the EU, industrial production also declined 0.9% from a month earlier in September.

Among member states with available data, the largest monthly decreases were in Belgium (-3.2%), Portugal (-3.0%), Estonia, and Ireland (both -2.9%).

The largest rises were seen in Croatia (4.3%), Slovenia (4.1%) and Hungary (1.3%).

On an annual basis, industrial output plunged 6.9% in the euro area and 6.1% in the EU.

The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.