EUROZONE INDUSTRIAL PRODUCTION FALLS AGAIN AS CONSUMER GOODS WEAKNESS DEEPENS

What happened: Eurozone industrial production fell 0.5% month over month in August, a second straight contraction, against expectations for a 0.1% increase. July's reading was revised down to -0.3%. Key numbers: August Eurozone IP -0.5% m/m, -1.1% y/y. EU IP -0.3% m/m, -0.2% y/y. Non-durable consumer goods -2.7% m/m, -9.1% y/y. Why it matters: The miss and downward revision point to an industrial sector struggling to regain momentum, with weakness concentrated in non-durable consumer and intermediate goods while capital goods and Germany offer partial counterbalance.

Eurozone industrial production decline deepens on consumer goods weakness.

Eurozone industrial production decline deepens on consumer goods weakness. — impact context not separately stored; see What changed.