Economic Buzz: Eurozone industrial output down 0.5% in August

The Eurozone's industrial production declined by 0.5% in August compared to July, Eurostat said in a report on Thursday. The industrial output of the European Union fell by 0.3%. Year-on-year, industrial production decreased by 1.1% in the euro area and 0.2% in the EU.

On a monthly basis, the Eurozone saw the production of non-durable consumer goods fall by 2.7%, followed by intermediate goods at 0.8% and energy at 0.6%, while capital goods and durable consumer goods rose by 0.4% and 0.2%, respectively. Annually, the non-durable consumer goods output was down by 2.3%, followed by energy at 0.5% and intermediate goods at 0.3%, durable consumer goods remained stable, and the production of capital goods improved by 0.7%.

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