Eurozone Industrial Output Increased More Than Expected in August

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.

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