India, Oct. 15 -- The euro area industrial production declined for the third straight month in August, data from Eurostat showed Thursday.
Industrial output dropped 0.5 percent on a monthly basis in August, which was bigger than the 0.3 percent fall posted in July. Moreover, this was third consecutive decrease. Production was expected to remain flat.
Year-on-year, industrial output logged a decline of 1.1 percent after easing 0.3 percent in July. The annual fall surpassed economists' forecast of -0.1 percent. Data showed that non-durable consumer goods, intermediate goods and energy contributed negatively to overall production. Production of non-durable consumer goods and intermediate goods fell 2.7 percent and 0.8 percent, respectively. ...