By William L. Watts
LONDON (MarketWatch) -- Industrial production in the 16-nation euro zone rose 1% in August and was up 7.9% compared to the same month last year, the European Union statistics agency Eurostat reported Wednesday. Economists had forecast a 0.7% monthly rise and a 7.5% year-on-year increase. Output rose 0.1% in July for a 7.2% year-on-year increase.
