Euro area industrial output continues rising in September

Industrial production in eurozone increases 0.9% from 1 month earlier, official data shows

By Tuba Sahin

ANKARA (AA) - Industrial production in the euro area grew for the second consecutive month in September, according to data released on Monday.

Industrial output in the single-currency zone rose 0.9% month-on-month in September, eased from an revised upwardly 2% in August, the Eurostat data showed.

The figure beat a market estimate of a 0.3% rise for the month.

The production of non-durable consumer goods rose by 3.6% and capital goods by 1.5%, while output of both intermediate goods and durable consumer goods fell by 0.9%, as did energy by 1.1%.

In the EU, industrial production also went up 0.9% in September after rising 2% the previous month.

Among member states for which data are available, the greatest monthly rises were in Ireland with 11.9%, Belgium with 7.1%, and Hungary and the Netherlands both with 1.6%.

The steepest monthly falls were posted in Lithuania (minus 8.2%), Greece (minus 4.5%) and Estonia (minus 3.6%).

On an annual basis, industrial production climbed 4.9% in the euro area and 5.7% 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.

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