The seasonally adjusted industrial production in the Eurozone decreased by 2% in September compared to the previous month, Eurostat revealed in its report on Thursday. In the entire European Union, the industrial output also declined by 2% compared to the August figure. Year-on-year, industrial production dropped by 2.8% in the Eurozone and by 2.4% in the European Union.
The decrease in industrial production in both the EU and the euro area was mainly driven by the lower output for capital goods, which fell by 3.8% in the Eurozone and by 3.2% in the EU. The energy production in the euro area also slipped by 1.5%, while the output of intermediate goods remained stable. Meanwhile, the production of durable and non-durable consumer goods increased by 0.5% and 1.6%, respectively, in the Eurozone compared to the prior month.
The member state that observed the biggest decrease was Ireland by 10.7%, while the biggest increase was seen in Croatia with 5.8%.
