FX.co ★ Eurozone Industrial Output Misses Expectations in September

In September 2025, industrial production in the Eurozone experienced a modest ascent of 0.2% on a month-to-month basis, following a revised downturn of 1.1% in August. However, this upturn fell short of the anticipated market growth of 0.7%. The increase was primarily driven by a rise in energy production (+1.2%), as well as marginal gains in capital and intermediate goods, each up by 0.3%. These gains were somewhat negated by reductions in durable (-0.5%) and non-durable consumer goods (-2.6%). Among the Eurozone's major economies, Italy led with a production increase of 2.8%, followed by Germany at 1.9%, France at 0.8%, and both Spain and the Netherlands recording increments of 0.4%. Conversely, Ireland experienced a sharp contraction, with output plummeting by 9.4%. On an annual scale, industrial production grew by 1.2%, maintaining the previous month's rate and falling short of the projected 2.1% increase.