Industrial Production Makes a Comeback in the Euro Area and EU in October

Source: Eurostat

The euro area posted a 1.1% increase in industrial production in October, after falling by 0.2% the previous month. In the EU, industrial production rose by 1.2%, compared to a decline of 0.5% in September. DAX is down -0.14%, EURUSD is up +0.21%.

• Capital goods production improved by 3.0% in the euro area in October from September. Durable goods were up 1.7%, while non-durable consumer goods rose 0.4%, with energy up 0.1%, but intermediate goods fell 0.6%.
• In the EU, capital goods production increased by 3.0% as energy ticked higher by 1.7% in October from September. Durable consumer goods rose 1.3%, while non-durable consumer goods improved by 0.7%, amid 0.3% falls in intermediate goods production.
• The highest monthly gains in industrial production were posted in Germany, Slovakia, Greece, and Denmark. Declines were recorded the highest in Estonia, Latvia, Netherlands, and Romania.
• Compared to the previous year, industrial production increased by 3.3% in the euro area and 3.6% in the EU.