Eurozone industrial production contracts 1.9% year-on-year in August

The Eurozone’s industrial output contracted by 1.8% over the month in August, according to the latest figures from Eurostat.

In comparison with year-ago levels it was down by 1.9%.

The fall in production was led by a 4.8% contraction in that of capital goods. German output was, not unexpectedly, the weakest, registering a 4.3% decline.