[Brussels 14 Reuters]-The Eurozone Industrial Production Index in August announced by the European Union (EU) Statistics Bureau rose 0.4% month-on-month, surpassing market expectations (up 0.3%). Production of capital goods such as machinery expanded, making it a positive material for the outlook for the euro area economy.
Compared to the previous year, it decreased by 2.8%. Market expectations were down 2.5%.
This is the third increase this month. Fully offset the fall of 0.4% in July.
Production of capital goods such as machinery increased 1.2% from the previous month. The increase following the July (2.1% increase) shows the movement of facility expansion at the factory.
Although the production of intermediate goods also expanded, the production of durable consumer goods and non-durable consumer goods declined, indicating that the manufacturing industry is expected to slow down sales at least for the foreseeable future.
(* Please refer to the related content menu on the right side of the screen for related information such as original articles)
