Eurozone industrial production unexpectedly dips in October
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. ■