Industrial production in the 17 countries of Europe rose unexpectedly about 1.2% in August.
The EU's statistics office, Eurostat, said it meant industrial production had been risen by 5.3% on an yearlyl basis.
The rise in industrial production might be easy because eurozone is getting release from recession in the third quarter.
Economists had forecast a rise of 2.2% on an yearly basis,
and fall of 0.7% on the month. August's increase follows a rise of 1.1%
in July.
Developed countries like Germany output fell by 1% month-on-month, but was 7.8% higher than 12 months ago.
Meanwhile the Irish Republic, which is implementing an
austerity programme, saw its industrial production rise 4.4% in August and jump
by 10.1% year-on-year.
No comments:
Post a Comment