Eurozone industrial output shows modest rebound in Oct

According to the data from Eurostat, industrial output in the eurozone increased slightly by 0.2% month over month in October after a fall of 0.6% in September.

Compared with the same month of the previous year, the region’s production of capital goods rose by 1.0%, durable consumer goods by 0.4 % and intermediate goods by 0.2%. Meanwhile, the production of non-durable consumer goods remained stable and the production of energy fell by 1.7% in October.

The largest monthly increases in industrial production in October were seen in Lithuania, Slovenia, Hungary and Sweden, while the largest decreases were observed Finland, Greece, Latvia and Czechia.

On a yearly basis, production of capital goods rose by 3.7% and non-durable consumer goods by 1.2%, while production of durable consumer goods remained stable. The production of intermediate goods and energy fell by 0.4% and 3.1%, respectively.

Among Member States, the highest yearly increases in industrial production were in Lithuania, Ireland and Poland and the largest decreases were observed in Croatia, Latvia and Greece.