Prior +0.3%; revised to +0.5%
Industrial output in the euro area slumped once again, but at least less than expected. Still, the index for industrial production now falls to its lowest since January but at least is 1.1% higher compared to August last year. The breakdown shows a drop in output for intermediate goods (-0.2%), energy (-0.6%), capital goods (-2.2%), and durable consumer goods (-1.6%). And that is only slightly offset by a rise in output for non-durable consumer goods (+0.1%). The drag from Germany here is the most notable for the month of August.
This article was written by Justin Low at investinglive.com.