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.