Eurozone output improves in August

<p>Industrial output in the eurozone is improving.</p>

New data shows that the industrial output in the eurozone improved during August.

Figures revealed by Eurostat, which is the statistical office for the eurozone, showed output rose by one per cent in the month, beating the expectations of analysts.

Germany saw output up by 1.8 per cent, while French output increased by 0.2 per cent and the figure was 8.2 per cent in Portugal, the highest on the continent.

However, Italy's economy is still struggling to bounce back from the global financial downturn and output in the country was 0.3 per cent lower, a second month of decline in a row for the nation.

Chris Williamson, chief economist at the researchers Markit, described the data released by Eurostat as being encouraging.

He added: "Policymakers will be encouraged by the ongoing recovery trend, but will be reminded of the huge surplus of capacity that persists compared to before the crisis struck."

This data comes only a short time after the Office for National Statistics revealed construction output in the UK dropped during August.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.