Inflation: Industrial production in the Eurozone unexpectedly falls further

Economists had, on average, expected stagnation in August. This means that there is a different development in the Eurozone than in Germany.

Welding workers: Production was also weak year-on-year. Photo: dpa

Berlin. Industrial production in the euro zone surprisingly fell further in August. Compared to the previous month, production fell by 0.5 percent, as the Eurostat statistics office announced in Luxembourg on Thursday. Economists had on average expected stagnation. In addition, according to revised data, the decline in July was 0.3 percent, stronger than previously known.

Year-on-year production was also disappointingly weak. Here Eurostat reported a decline of 1.1 percent. Economists had expected a slight decline of 0.1 percent.

According to data from the Federal Statistical Office, German companies increased their production significantly in August: industry, construction and energy suppliers together produced 2.0 percent more than in the previous month.

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