Eurozone industrial production rebounds in August

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Eurozone industrial production returned to growth in August in another sign the single currency area has managed to shrug off immediate adverse effects from the UK’s Brexit vote.

Factory output grew by 1.6 per cent in August from July, better than the 1.5 per cent expected and a return to expansion from the 0.7 per cent drop recorded in the first month after the UK’s referendum.

The regional rebound follows on from stronger than expected industrial sector growth in Italy, Germany, and France in August.

Durable consumer goods were the best performing sub sector, rising 4.3 per cent in August, with capital goods up 3.5 per cent and energy output up 3.3 per cent.

The Netherlands was the best performing major eurozone economy, with growth hitting 4.4 per cent, followed by Germany (3.1 per cent) and France (2 per cent).

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