Industrial production returns to growth in September

Latest reading: Industrial production rose 0.2% in calendar- and seasonally adjusted month-on-month terms in September, following a 1.1% drop in the prior month. Relative to the previous month's data, readings in September improved for intermediate goods (+0.3% in calendar- and seasonally adjusted month-on-month terms vs -0.2% in August), capital goods (+0.3% vs -1.9% in August), energy (+1.2% vs -0.2% in August) and durable consumer goods (-0.5% vs -1.7% in August). In contrast, the reading for non-durable consumer goods worsened in September (-2.6% vs -0.1% in August). Looking at specific countries, output rose in Germany, Italy, France, Spain and the Netherlands. In annual terms, industrial production increased 1.2% in September, unchanged from the prior month's reading.

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