News Summary: Eurozone Industrial Output Rebounds

By The Associated Press

PRODUCTION UP: Industrial output across the eurozone rebounded 1 percent in August, the largest amount since July 2011. The increase reported by the European Union's statistics office recouped July's equivalent decline.

CAN IT LAST?: The increase shifts attention to the September report. Recent surveys have suggested that the sector continued to grow during September despite headwinds facing the eurozone, such as high government debt and near-record unemployment in many countries.

THE OUTLOOK: The economy of the 17 European Union countries that use the euro emerged from its longest-ever recession in the second quarter, when it grew 0.3 percent.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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