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Euro area industrial output falls for a third month

Euro area industrial output fell 0.5% in August, its third consecutive monthly decline, and was 1.1% below a year earlier, according to Eurostat. Compared with July, production of non-durable consumer goods dropped 2.7%, intermediate goods fell 0.8% and energy declined 0.6%, while capital goods rose 0.4%. Among EU countries with data, Belgium had the largest monthly fall at 5.1% and Sweden the largest rise at 6.5%, while Germany rose 0.4%, France fell 0.3% and Italy dropped 1.3%. Eurostat also revised the euro area's July decline from 0.1% to 0.3%. The figures measure the volume of goods produced, not orders, profits or overall economic growth.

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