Eurozone industrial production grew at a slower pace in August despite the easing of coronavirus containment measures in many member countries, data published by Eurostat revealed Wednesday.

Industrial production grew only 0.7 percent month-on-month, following July’s 5 percent increase. Output was forecast to climb 0.8 percent.

Among components, non-durable consumer goods and capital goods production dropped 1.6 percent each.

Meanwhile, production of durable consumer goods advanced 6.8 percent and that of intermediate goods gained 3.1 percent. Energy production rose 2.3 percent from the last month.

On a yearly basis, industrial output logged a decline of 7.2 percent after falling 7.1 percent in July. The rate of decline came in line with economists’ expectations.

In EU27, industrial output grew 1 percent on month in August but declined 6.2 percent on a yearly basis.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.