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MNI BRIEF: EZ August Production Down Sharply

(MNI) London

Eurozone industrial production fell sharply in August, declining by 1.6%, the biggest fall since April of 2020, more than erasing a 1.4% increase in July (revised downward from the originally-reported 1.5% increase). Energy output increased by 0.5% in August, the first rise since April, but all other categories suffered significant retreats. Production of capital goods fell by 3.9%, while durable consumer goods slumped by 3.4%.

Over the year to August, output rose by 5.1%, after an upwardly-revised 8.0% increase in July (initially reported as +7.7%). German production was particularly hard hit in August, sliding by 4.1%, while French output rose 1.0%, Italy declined by 0.2% and Spain rose by 0.1%.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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