REUTERS/Phil Noble/File photo Acquire Licensing RightsBRUSSELS, Oct 13 (Reuters) - Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than 5% from a year earlier.
The European Union's statistics office Eurostat said industrial production in the 20 countries sharing the euro rose by 0.6% month-on-month in August for a 5.1% year-on-year decline.
Output of non-durable consumer goods, such as food or clothing, rose by 0.5% for a second consecutive month.
Compared with a year earlier, all types of production were some 5-7% lower, except for non-durable consumer goods, whose decline was 1.4%.
The IMF cut its estimates for euro zone growth earlier this week to 0.7% in 2023 and 1.2% in 2024, from July forecasts of 0.9% and 1.5%.
Persons:
Phil Noble, Philip Blenkinsop
Organizations:
REUTERS, Rights, Reuters, IMF, Eurostat, Thomson
Locations:
Chesterfield, Britain, Rights BRUSSELS