Eurozone Industrial Production Up 0.7% Month-on-Month in August

[Asia Economy Reporter Yuri Kim] Industrial production (excluding construction) in the Eurozone (19 countries using the euro) rose by 0.7% in August compared to the previous month.

According to the European Union (EU) statistical office on the 14th, Eurozone industrial production in August increased by 0.7% month-on-month. This figure slightly missed the forecast of 0.8%. In the previous month, it had risen by 4.1%.

Compared to the same period last year, it fell by 7.2%. The decline was larger than the expected (-7.0%). The impact of the novel coronavirus infection (COVID-19) appears to have played a role. In the previous month as well, it had decreased by 7.7% compared to the same period last year.