Euro zone industrial production rose by slightly more than expected in August on a monthly basis, fully recovering from a fall in July.

This is according to new figures released by the European Union statistics office today. 

Eurostat said industrial production in the 19-member single currency bloc in August increased by 1.6% during the month and by 1.8% year-on-year. 

The readings were above the average forecasts of a 1.5% monthly increase and a 1.1% year-on-year improvement in a Reuters poll of economists. 

Euro zone output therefore offset a revised 0.7% fall in July and continued a six-month pattern in which declines in one month are followed by increases the following month. 

The monthly increase of production in August was broadly spread, except for non-durable consumer goods, such as clothes, for which output was down 0.6%. 

The strongest increase was of 4.3% in the month for durable consumer goods, such as cars or fridges, followed by capital goods, such as machinery, which rose 3.5%.

Today's figures showed that energy production was up 3.3% and output of intermediate goods was 1.4% higher.