“The euro zone economy may be building up an impressive head of steam that shows no signs of cooling, but what policymakers at the European Central Bank really want – higher inflation – is still largely absent.
Industrial output in the bloc rose faster than anyone polled by Reuters expected in August, according to data on Thursday which followed a slew of forecast-beating releases and after the International Monetary Fund upgraded its outlook for global growth.
“Although the industrial sector only accounts for a quarter of GDP it has been the euro zone’s most cyclical sector historically, and so is an important indicator of the economy’s wider health,” said Christian Jaccarini at Cebr.”
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