The seasonally adjusted industrial production declined by 0.4% in the euro area in September 2020 down from the expected 0.6% expansion, but was unchanged in the EU, according to the Eurostat press release. Industrial production in the euro area declined by 6.8%, worse than expected (5.8%) year over year, while the EU’s slump was 5.8% from the comparable month of 2019.
- Previous month over month growth revised lower from 0.7% to 0.6%.
- Previous year over year growth revised higher from -7.2% to -6.7%.
- Durable consumer goods fell by 5.3% in the euro area, while energy slipped 1.0% from the August level.
- Production of intermediate goods in the euro area rose by 0.5%, capital goods up 0.6%, and nondurable consumer goods up 2.1% from the August level.
- Durable consumer goods fell by 3.9% in the EU, while energy was down 0.7% from the August level.
- Production of intermediate goods in the EU rose by 0.6%, capital goods up 1.2%, and nondurable consumer goods up 1.4% from the August level.
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