Eurozone output falls ahead of Volkswagen effect

Eurozone industrial production declined in line with expectations in August, as the energy sector reversed gains made in July, while only durable consumer goods output showed robust expansion.

Industrial output in the 19 countries sharing the euro fell by 0.5% month-on-month for a 0.9% year-on-year gain, Eurostat said yesterday.

Economists polled by Reuters had expected a 0.5% monthly decline and a 1.8% annual gain.