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Euro zone industrial production up

Euro zone industrial production up
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Euro zone industrial production was stronger than expected in August and July’s figure was revised upwards slightly.

The EU’s statistics agency Eurostat said that growth in August was one percent up on the previous month and 7.9 percent higher than August last year.

For the 27 countries of the European Union – including Britain – growth was 0.8 percent month-on-month.

Analysts said this shows the recovery is continuing and suggests that GDP growth in the third quarter of the year will not be too bad.

But they pointed out there is a big difference between industrial production growth in different countries.