Manufacturing Industry in Eurozone Increased in September

The European statistics agency Eurostat reported that the Eurozone industry produced more in September than a month earlier. In particular, more was made of things like clothing and food.

 

Energy production went down. This may have to do with ever-increasing savings by households and companies.

The increase in production compared to August was 0.9 percent. That was more than what economists had generally expected. So for August, the increase from the previous month was revised upwards to 2 percent.

The production of the industry is one of the indicators used to see how the economy is developing. If companies produce less, it is often a sign that the economy is cooling.

In many European countries, a contracting economy is expected in the last months of this year or early next year.

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.