RTTN:Eurozone Sep Industrial Output Falls More Than Forecast
Eurozone industrial output dipped by a seasonally adjusted 2.5 percent in September from a month ago, Eurostat reported Wednesday. Economists had forecast a 2 percent fall after rising 0.9 percent in August.
On a yearly basis, overall production was down 2.3 percent in September, bigger than the 1.3 percent drop logged in August. The annual decline also exceeded a 2.2 percent drop forecast by economists.
Production of durable consumer goods fell 4.3 percent month-on-month and capital goods production dipped 3 percent. Non-durable consumer goods production was down 2.8 percent and intermediate goods dropped by 2 percent.
