Euro Area Industrial Production Mom

Industrial production in the Euro Area edged down 0.2% mom in September of 2021, following a 1.7% drop in the previous month but less than market forecasts of a 0.5% fall, as supply constraints and high commodity prices weighed on the sector. Production of capital goods fell by 0.7%, intermediate goods by 0.2%, while production of energy remained stable. On the other hand, the output for durable consumer goods rose by 0.5% and non-durable consumer goods by 1%. Among the biggest economies, production fell in Germany (-1.4%) and France (-1.3%) but grew slightly in both Italy (0.1%) and Spain (0.2%).