• Eurozone industrial production unexpectedly fell in September

Market news

12 November 2020

Eurozone industrial production unexpectedly fell in September

According to the report from Eurostat, in September 2020, the seasonally adjusted industrial production fell by 0.4% in the euro area and remained unchanged in the EU, compared with August 2020. Economists had expected a 0.7% increase in the euro area. In August 2020, industrial production grew by 0.6% in the euro area and by 0.9% in the EU.

In September 2020 compared with September 2019, industrial production decreased by 6.8% in the euro area and by 5.8% in the EU. 

In the euro area in September 2020, compared with August 2020, production of durable consumer goods fell by 5.3%, energy by 1.0%, while production of intermediate goods rose by 0.5%, capital goods by 0.6% and nondurable consumer goods by 2.1%. In the EU, production of durable consumer goods fell by 3.9%, energy by 0.7%, while production of intermediate goods rose by 0.6%, capital goods by 1.2% and non-durable consumer goods by 1.4%.

In the euro area in September 2020, compared with September 2019, production of capital goods fell by 13.3%, energy by 4.5%, intermediate goods by 3.7%, durable consumer goods by 1.7% and non-durable consumer goods by 1.5%. In the EU, production of capital goods fell by 11.9%, energy by 4.8%, intermediate goods by 2.8% and non-durable consumer goods by 1.7%, while production of durable consumer goods rose by 0.7%.

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