Area dell'Euro Produzione Industriale (Mensile)

Industrial production in the Euro Area advanced 0.9 percent from a month earlier in September 2022, following an upwardly revised 2.0 percent growth in August and easily beating market expectations of 0.3 percent. Output of non-durable consumer goods increased for a third straight month (3.6 percent vs 1.4 percent in August), implying stronger domestic agricultural production as global food prices soar, while that of capital goods was up for a second period in a row (1.5 percent vs 2.9 percent). On the other hand, there were declines in the production of energy (-1.1 percent vs -0.1 percent), intermediate goods (-0.9 percent vs -0.5 percent), and durable consumer goods, such as televisions and washing machines (-0.9 percent vs 1.0 percent). On a yearly basis, industrial output expanded 4.9 percent in September, the most since August 2021 and well above market forecasts of 2.8 percent growth.