Euro-Area Industrial Production Unexpectedly Rose in August
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European industrial production unexpectedly rose for a second month in August as increasing output in countries from France to Portugal and Italy offset a German decline.
Production in the 17-nation euro area advanced 1.2 percent from July, when it rose 1.1 percent, the European Union’s statistics office in Luxembourg said today. That’s the biggest gain since November 2010. Economists forecast a drop of 0.8 percent, the median of 32 estimates in a Bloomberg News survey showed. In the year, output increased 5.3 percent.