In August, industrial production rose 0.6% over the previous month in seasonally adjusted terms. The result mirrored the 0.6% increase recorded in July (previously reported: +0.5% month-on-month) and contrasted market expectations of a 0.4% drop. At a country level, Portugal (+6.8% mom) and Slovenia (+4.0% mom) were the region's top performers whereas, at the other end of the spectrum, Finland (-1.1% mom) and Germany (-0.4% mom) recorded the worst results. Among the other major economies, Italy recorded the best performance (+1.7% mom), followed by France (+1.5% mom) and Spain (+1.3% mom). On an annual basis, industrial production declined 2.9%, which was a notch down from the 2.8% contraction registered in July. As a result of the subdued annual reading, the trend continued to deteriorate, with annual average growth in industrial production falling from minus 0.7% in July to minus 1.4% in August, which represents the worst result in more than two years.
Industrial production unexpectedly rises in August
October 12, 2012
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Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.