Eurozone: Industrial production rebounds in September
November 12, 2014
In September, industrial production rose a seasonally-adjusted 0.6% over the previous month, according to data released by Eurostat on 12 November. The increase—which contrasted a 1.4% drop in August—undershot the 0.7% growth market analysts had expected.
At a country level, Ireland (+4.1% month-on-month) and Germany (+1.7% mom) were the region’s top performers. At the other end of the spectrum, Netherlands (-2.0% mom) and Italy (-0.9% mom) recorded the worst results. In the remaining two major regional economies, industrial output expanded 1.0% in Spain and 0.1% in France.
On an annual basis, industrial production rose 0.7%, which contrasted the 0.6% drop recorded in August. Meanwhile, annual average growth in industrial production was stable at August’s 1.1%.
Author: Armando Ciccarelli, Head of Data Solutions