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Euro zone industrial production falls more than expected in September

Euro zone output of non-durable consumer goods, including food, declined by 1% in September
Euro zone output of non-durable consumer goods, including food, declined by 1% in September

Euro zone industrial production shrunk by more than expected in September compared to August, mainly due to a sharp fall in the output of consumer goods.

But the figure was still higher than a year earlier, the European Union's statistics office data showed.

Eurostat said output in the 19 countries sharing the euro fell 0.3% month-on-month in September for a 1.7% year-on-year rise. 

Economists polled by Reuters had expected a 0.1% monthly decline and a 1.3% annual rise. 

Production of durable consumer goods fell the most month-on-month, declining by 3.9%, the data showed. 

Output of non-durable consumer goods, such as food or toiletries, also declined by 1%, signalling broader weakness of demand from households. 

The production of capital goods, used in investment, also fell 0.3% on the month, today's figures showed.

But compared to September 2014, the production of consumer goods, both durable and non durable, was clearly higher at 2.6% and 2.1% respectively and the output of capital goods was also up by 2.2%.