Eurozone Industrial Output Increased More Than Expected in August

1 percent

Industrial output in the eurozone grew at the strongest pace for more than two years in August, figures have shown.

Factories in the 17-country bloc saw output rise by 1% in the month, which was better than analysts' forecasts.

The figures showed that the highest increase was registered in Portugal, where output grew by 8.2%.

Europe's economic powerhouse, Germany, saw output rise 1.8%, while French output increased by 0.2% following three consecutive months of decline.

However, output in Italy fell by 0.3%. This was the second decline in a row, as Italy's economy continued to falter.