(cerclefinance.com) the seasonally adjusted industrial production rose by 1.4% in the eurozone in sequential pace in august. it also grew by 1.7% in the eu as a whole, according to eurostat’s estimates provided, at the end of the morning.
in the euro area. 1.4% increase in industrial production is due to increases of 3.1% for the production of capital goods by 1.3% for consumer durables, 1.2% for intermediate goods and 0.2% for energy. production of non durable consumer goods is stable.
compared to published data on 13 september, the percentage of monthly variation in august 2017 was revised to + 0.1 to + 0.3% in the eurozone. the decline of 0.3% in the ue28 has been confirmed.
finally, industrial production increased by 3.8% in the eurozone and 3.9% for the eu as a whole at an annual rate.
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Translated by forexguides.info Team