Industrial production in the Eurozone grew in October on an annual and monthly basis, with capital goods contributing to the increase.
- Industrial production increased by 1.1% in the euro area in October compared to September and by 1.% in the EU.
- In September, industrial production had decreased by 0.2% month-on-month in the Eurozone and by 0.5% in the EU.
- Annually, industrial production expanded by 3.3% in the euro area by 3.6% in the EU.
- Eurostat noted that industrial output of capital goods bounced back 3.0% after decreases in August and September. Capital goods production grew by 5.2% year-on-year.
Durable consumer goods also increased sharply, increasing 1.7% on the month and 2.3% on the year, while non-durable consumer goods output rose by 6.9% higher than the prior year.
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