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Eurozone industrial output increased more than expected in Oct

by ChemOrbis Editorial Team -
  • 14/12/2015 (18:00)
According to media reports, data from Eurostat showed that industrial production in the eurozone increased more than expected in October. The region’s factory output rose by 0.6% from a month earlier, exceeding economists’ forecasts which called for an increase of 0.2%. On a yearly basis, the industrial production of the eurozone also rose by 1.9% from the same month of 2014.

The data revealed that production of durable consumer goods rose 1.8% month over month in October while production of non-durable goods and capital goods also increased 1.4% and 0.4%, respectively. Energy production climbed 0.6% in October from a month earlier. However, production of intermediate goods slipped 0.1%.

Across the region, the largest decreases in industrial production on a monthly basis were reported in Greece (-2.4%), Denmark and Finland (both -0.9%) while the largest increases were seen in Lithuania (+11.3%), the Netherlands (+4.3%), Portugal (+3.9%) and Ireland (+3.4%).
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