Eurozone industrial production drops less than expected in September

Eurozone industrial production fell less than expected in September, according to data released by Eurostat.

Industrial production in the 19 countries that share the euro was down 0.8% from August, when it rose 1.8%. Economists had been expecting a 1% decline.

The production of durable consumer goods fell by 5.6%, capital goods by 2.2% and intermediate goods by 0.7%. Energy production was down 0.2%, while the production of non-durable consumer goods rose 0.3%.

On the year, industrial production in the euro bloc was up 1.2%, beating expectations of a 0.7% increase.

In the EU-28 group of countries, industrial production fell 0.7% on the month but jumped 1.2% on the year.