Eurozone Industrial Production expands by 0.9% in September

Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis in August, the data published by Eurostat revealed on Monday. This reading came in better than the market expectation for an increase of 0.3%.

On a yearly basis, Industrial Production in the euro area grew by 4.9%, surpassing analysts’ estimate of 2.8% by a wide margin.