Last updated: October 14. 2013 5:36AM - 290 Views
Associated Press

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(AP) Official figures show that industrial output across the eurozone rebounded in August, raising hopes that the sector will contribute to a pick-up in economic growth.

Eurostat, the EU's statistics office, says Monday that industrial production rose by 1 percent during the month, recouping July's equivalent decline. The increase suggests that the sector will contribute to the recovery if September shows a rise.

The economy of the 17 European Union countries that use the euro emerged from recession in the second quarter, when it grew 0.3 percent from the previous three-month period. There are hopes that the third quarter's growth rate will be higher after a raft of surveys and economic indicators have suggested that the recovery is getting more broad-based and not overly dependent on the performance of Germany.

Associated Press
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