Euro zone Aug industrial output up 1.8 pct vs July, up 5.4 yr-on-yr

Industrial output in the euro zone exceeded economists' forecasts in August, with EU statistics agency Eurostat reporting a rise of 1.8 pct from July and an increase of 5.4 pct year-on-year. Economists polled by AFX News had forecast a month-on-month rise of 1.4 pct and a year-on-year rise of 4.0 pct. Eurostat revised the year-on-year increase in July to 3.0 pct from an original estimate of 3.2 pct. In August, durable consumer goods output rose 4.3 pct from July; followed by intermediate goods output, up 3.3 pct; capital goods, up 1.8 pct; and non-durable consumer goods output, up 1.0 pct; while energy output fell 1.6 pct.