12 Dec 2014
Eurozone Industrial Production up 0.1% in October
FXStreet (Mumbai) - As per the data released by Eurostat, the industrial production in both the Eurozone and EU28 rose at 0.1% month-on-month in October. Year-on-year the output increased by 0.7% in the Eurozone and 0.8% in EU28.
The month-on-month increase in the Eurozone can be attributed mainly to the production of non-durable consumer goods, which rose 1.8%, followed by a 0.9% rise in the production of durable consumer goods. Production of intermediate goods rose 0.3%, while capital goods and energy fell by 0.2% and 1.9% respectively.
The highest increase in the activity was seen in Ireland (+9.0%), Lithuania (+5.0%), Greece (+2.5%) and Slovenia (+2.4%), while the largest decrease was seen in n Hungary (-2.7%), France and the Netherlands (both 0.9%).
The month-on-month increase in the Eurozone can be attributed mainly to the production of non-durable consumer goods, which rose 1.8%, followed by a 0.9% rise in the production of durable consumer goods. Production of intermediate goods rose 0.3%, while capital goods and energy fell by 0.2% and 1.9% respectively.
The highest increase in the activity was seen in Ireland (+9.0%), Lithuania (+5.0%), Greece (+2.5%) and Slovenia (+2.4%), while the largest decrease was seen in n Hungary (-2.7%), France and the Netherlands (both 0.9%).