Eurozone Industrial Production: Ireland's Impact

Eurozone industrial production grew less than expected in September, with a 0.2% increase, falling short of the predicted 0.7%. Despite this, it was an improvement from the previous months drop. Year-on-year, output was up 1.2%, matching the previous month but missing the anticipated 2.1% increase. The main reason for this shortfall? Large foreign companies based in Ireland, whose output often skews Eurozone data due to their significant earnings. Irelands output plummeted by 9.4% for the month, while other major economies like Germany, Italy, France, and Spain saw significant growth. Some economists now exclude Irelands figures to gain a clearer view of the Eurozones economic health.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.