Euro zone industrial production rebounds in August

Euro zone industrial production rebounded in August, with a monthly increase of 1.8 percent and an annual growth of 5.4 percent, the European Union (EU)'s statistical office Eurostat said on Tuesday.

The better-than-expected data showed a strong recovery from July when the industrial output in the 12 countries using the euro fell 0.4 percent over one month and grew a revised 3 percent over one year.

Compared with July, the production of durable consumer goods gained by 4.3 percent in August and intermediate goods rose by 3.3 percent. Capital goods and non-durable consumer goods grew by 1.8 percent and 1 percent respectively.

However, energy production fell by 1.6 percent over one month.

Among the 12 member states, Portugal recorded the highest monthly increase in August, with a 5 percent rise from July, while Finland witnessed the biggest fall(2.2 percent).

Germany and France, the two biggest economies in the euro zone, registered monthly gains of 2 percent and 0.8 percent respectively.

In the 25-nation EU, industrial output was 1.3 percent up in August from July and 5 percent up from a year earlier.

Source: Xinhua