Industrial output in 16 countries that use Euro rose for the fifth consecutive month this September. Data shows that the currency zone is back to its periodical growth in the third quarter.

Eurostat said from August, the industrial output has increased 0.3%, which is however 12.9% weaker than September previous year.

The figures of August were revised from 0.9% to 1.2% demonstrating a monthly gain as reported for October; year after year, however, it showed a drop from 15.4% to 15.1%. The economists expected rise of 0.5% in the industrial output for September month and fall of 14.2% for the year.

The rise in figures shows that the currency area is recovering from its worst recession since the Second World War. After shrinkage in every quarter since the second quarter of 2008, it has returned to quarterly gross domestic product growth between July and September.
Economists were, though, looking for an increase of 0.5%, but on the other hand, industrial production rose 0.3% in September.

The output dropped annually across all categories in September, although the fall remained reasonable in most cases since August.

In EU27, industrial production fell annually 12.1% in September and rose 0.2% as compared to the previous month.