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Eurozone industrial output growth slows in Oct

by ChemOrbis Editorial Team -
  • 12/12/2014 (15:51)
According to data released on December 12 by Eurostat, industrial output in the eurozone increased for a second consecutive month in October, albeit at a slower than expected pace. The region’s industrial output rose 0.1% month over month in October when compared to a 0.5% gain in September. Economists’ estimates called for a 0.2% increase. Slower growth in the region’s industrial output was attributed to a decrease in energy output.

On a yearly basis, industrial output in the eurozone rose 0.7% in October after posting an increase of 0.2% in the previous month. Production of intermediate goods and durable consumer goods climbed 0.3% and 0.9%, respectively, while energy output was down 1.9% in October.

Meanwhile, according to data released by Office for National Statistics, the UK’s construction output unexpectedly declined in October. The country’s construction output was down 2.2% in October while on a yearly basis, output rose 0.7% to post the slowest rate of growth seen since May 2013.
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