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Eurozone industrial production unexpectedly dips in October

Staff Writer |
Eurozone industrial production fell short of the consensus in October, according to Eurostat.

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Industrial production in the 19 countries that share the euro was down 0.1% from September, when it was down 0.0%. Economists had been expecting a 0.2% rise.

The decrease during the month was attributed to the production of non-durable consumer goods falling by 1.5% and intermediate goods by 0.5%. Meanwhile production of energy rose by 0.8%, capital goods by 1.0% and durable consumer goods by 1.5%.

On the year, industrial production in the euro bloc was up 0.6%, below expectations of a 0.8% rise.

In the EU-28 group of countries, industrial production was down 0.3% on the month but increased by 0.5% on the year.

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