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By Carla Mozee and Victor Reklaitis, MarketWatch

Notable decliners: LVMH, Vonovia, ASML, Skanska

European stocks finished with losses Wednesday and pushed the broad European benchmark to its third daily drop in a row, as weak Chinese economic data highlighted worries about sluggish global growth.

The Stoxx Europe 600 index fell 0.7% to close at 355.81, though it managed to come off its intraday low of 354.50. The index ended lower on Monday and Tuesday after logging six consecutive winning sessions.

Investors started the session with official Chinese figures showing consumer inflation decelerated in September (http://www.marketwatch.com/story/chinas-consumer-inflation-eases-to-16-2015-10-14) as food prices fell. China's consumer-price index rose 1.6% from a year earlier. That was slower than a 2% rise in August and less than the 1.8% gain expected by economists polled by The Wall Street Journal.

Shares of luxury-goods companies, which count China as a key market, were lower Wednesday, with losses coming on the back of disappointing Chinese trade data released Tuesday. LVMH Moët Hennessy Louis Vuitton SE (LVMUY) fell 1.2%, and Gucci parent Kering SA (KER.FR) gave up 1.3%, with the moves weighing on the France's CAC 40 . The index was down 0.7% to end at 4,609.03.

European stocks remained lower after data showed industrial output in the eurozone fell in August (http://www.marketwatch.com/story/eurozone-industrial-output-falls-in-august-2015-10-14-5485827), signaling that slower growth in China and cooling activity in other developing economies are beginning to hurt the currency bloc.

In Germany, the DAX 30 index finished down 1.2% at 9,915.85, and the U.K.'s FTSE 100 lost 1.2% to end at 6,269.61.

Movers: Vonovia SE (VNA.XE) shares were at the bottom of the DAX 30 index, closing down 5.2% after the real-estate company said it plans to bid for rival Deutsche Wohnen AG (http://www.marketwatch.com/story/germanys-vonovia-offers-16-billion-for-rival-2015-10-14-248597)(DWNI.XE) with a 14 billion-euro ($15.95 billion) offer.

ASML Holding NV (ASML.AE)(ASML.AE) fell 4.4% after the Dutch chip-equipment maker forecast fourth-quarter sales will fall (http://www.marketwatch.com/story/asml-on-track-for-record-sales-as-profit-jumps-2015-10-14-14855030) to around EUR1.4 billion, in part as foundry customers have become somewhat more cautious in their investment plans. ASML did post a jump in third-quarter net profit and said it still expects to log record sales this year.

Skanska AB (SKA-B.SK) skidded lower by 8.9% after the Swedish construction firm said it would book a 630 million Swedish kronor ($77.5 million) charge (http://www.marketwatch.com/story/skanska-books-775-million-us-related-charge-2015-10-14) from its U.S. operations in the third quarter.

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(END) Dow Jones Newswires

October 14, 2015 12:33 ET (16:33 GMT)

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