timesleader.com

Eurozone industrial output rebounds in August

Associated Press

October 14, 2013

(AP) Official figures show that industrial output across the eurozone rebounded in August, raising hopes that the sector will contribute to a pick-up in economic growth.


Eurostat, the EU's statistics office, says Monday that industrial production rose by 1 percent during the month, recouping July's equivalent decline. The increase suggests that the sector will contribute to the recovery if September shows a rise.


The economy of the 17 European Union countries that use the euro emerged from recession in the second quarter, when it grew 0.3 percent from the previous three-month period. There are hopes that the third quarter's growth rate will be higher after a raft of surveys and economic indicators have suggested that the recovery is getting more broad-based and not overly dependent on the performance of Germany.


Associated Press