Euro area industrial production dropped by less than anticipated in September, leaving it higher than expected year-on-year due to a rise in output of non-durable consumer goods.
- The European Union’s statistics office Eurostat stated industrial production in the 19 countries bloc dropped 0.2% month-on-month in September for a 5.2% year-on-year gain.
- Production of non-durable consumer goods, including food or clothing, increased by 1.0% in the month and was 8.5% higher than in September last year.
- The output of capital goods, including machinery and equipment, was 0.7% lower than a month earlier but was 5.9% higher YoY.
- Intermediate good production also edged down in September, by 0.2%, but still 5.0% higher than in the previous year. Durable good production rose 0.5% in the month and by 1.1% year-on-year.
Energy output still remains unchanged on a month-on-month and year-on-year basis.
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