Euro zone industrial output grows less than expected in September

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Euro zone industrial output grows less than expected in September

The data showed on Friday that the euro zone industrial production increased by less than expected in September, leaving it higher than expected year-on-year due to a surge in production of non-durable consumer goods.

In September, European Union's statistics office said that industrial production in the 19 countries share the euro fell by 0.2% month-on-month in September for a 5.2% year-on-year increase.

In September, economists polled by Reuters had forecast a decline month-on-month and a 4.1% increase year-on-year.

The production of consumer goods, such as food or clothing, rose by 1.0% in the month and was 8.5% higher than in September 2020.

The output of capital goods, such as machinery and equipment, was 0,7% weaker than a month earlier, but 5.9% higher year-on-year. In September, Intermediate good production was up by 0.2%, while being 5.0% higher than in the previous year.

Durable goods production increased by 1.1% in the month and by 1.1% year-on-year.

Energy output was unchanged both month-on-month and year-on-year.