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Fall in Eurozone industrial output loses pace in Oct

by ChemOrbis Editorial Team -
  • 14/12/2016 (15:32)
According to data from Eurostat, industrial output in the Eurozone dropped 0.1% on a monthly basis in October. This was slower than the 0.8% decrease recorded in September although it still defied the economists’ expectations which called for an increase of 0.1%.

Meanwhile, Eurozone industrial output grew by 0.6% in October compared to the same month of 2015, missing the estimates of 0.8% growth.

Across the Eurozone, non-durable consumer goods and intermediate goods decreased by 1.5% and 0.5% respectively while durable consumer goods, capital goods and energy goods output were up by 1.5%, 1%, and 0.8%, respectively.
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