Eurozone: Industrial output rebounds in August
October 12, 2018
Industrial output returned to growth in August, rising a seasonally-adjusted 1.0% over the previous month. The result contrasted July’s revised 0.7% decrease (previously reported: -0.8% month-on-month). August’s rise overshot market expectations of a 0.5% increase. The upturn was broad-based across all categories of the index.
On an annual basis, industrial production growth picked up from 0.3% in July to 0.9% in August. Meanwhile, annual average industrial production growth fell to 2.9% from 3.1%.
Among the Euro area economies for which data is available, Malta saw the largest rise in industrial output in August, expanding nearly 10.0%. Conversely, Finland saw the slowest growth.