Eurozone’s industrial production declined more-than-expected in September led by a slump in durable consumer goods output, and marked its second consecutive fall, figures from Eurostat showed Thursday.
Industrial production dropped 0.3 percent from August, when output fell 0.4 percent, which was revised from a 0.5 percent decrease. Economists had expected a modest 0.1 percent decline. In July, production increased 0.7 percent.
Among different industrial groups, durable consumer goods registered the biggest decline of 3.9 percent, which was also the first in three months. Non-durable goods production also fell for the first time since July, down 1 percent.
Year-on-year, industrial production rose 1.7 percent in September following a 2.2 percent gain in August that was sharply revised from 0.9 percent. Economists had forecast a 1.3 percent increase.
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