Euro zone Industrial Production slips in September; fails expectations

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The European Union's statistics office data today showed euro zone industrial production slipped more than expected in September. The dismal industrial production figure is attributed to the sharp fall in the output of consumer goods. However it is still higher than what it was a year earlier.

    Output in euro zone fell 0.3 per cent month-on-month in September. However when compared year on year it rose 1.7 per cent. Economists polled by Reuters had expected a 0.1 per cent monthly decline and a 1.3 per cent annual rise.

    Durables had a better run in September and it was at its worst in October. Production of durable consumer goods fell declined by 3.9 per cent. Output of non-durable consumer goods declined by 1 per cent. Decline in both durable as well as non-durable goods highlighted the overall weakness in demand from households. The production of capital goods slipped 0.3 per cent on the month.

    The production of consumer goods, both durable and non-durable was higher when compared to the September 2014 figures, at 2.6 and 2.1 per cent respectively. The output of capital goods was also up by 2.2 per cent in comparison to September 2014.
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