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European Economic News

Eurozone Sep Industrial Output Falls More Than Forecast

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone industrial output dipped by a seasonally adjusted 2.5 percent in September from a month ago, Eurostat reported Wednesday. Economists had forecast a 2 percent fall after rising 0.9 percent in August.

On a yearly basis, overall production was down 2.3 percent in September, bigger than the 1.3 percent drop logged in August. The annual decline also exceeded a 2.2 percent drop forecast by economists.

Production of durable consumer goods fell 4.3 percent month-on-month and capital goods production dipped 3 percent. Non-durable consumer goods production was down 2.8 percent and intermediate goods dropped by 2 percent.

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