Eurozone industrial output falls more than market forecast

By Tuba Ongun

ANKARA (AA) – Industrial production in the eurozone fell 2% in September from the previous month, surpassing market forecasts of a 1.3% decline, first estimates from Eurostat said Thursday.

The figure marked the steepest decline since January as the output for energy and capital goods fell 1.5% and 3.8%, respectively.

Production remained stable for intermediate goods while it rose 0.5% for durable consumer goods and 1.6% for non-durable consumer goods.

On a yearly basis, industrial output fell 2.8%, following a 0.1% drop in August.