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    Eurozone: industrial output increases in October

    ©Belga
    ©Belga

    Industrial production in the eurozone was up by 0.6% on a month-by-month basis in October, reveals the European Statistical Office, Eurostat, on Monday. It also rose by 0.3% in EU-28 countries. On an annual basis the increases are, respectively, 1.9% and 2.4%.  

    The monthly rise in the eurozone is linked to increases of 1.8% in consumer durables output, of 1.4% in investment goods, of 0.6% for energy, and of 0.4% for non-durable consumer goods. Intermediate goods’ production dropped by 0.1%.  

    For EU-28 countries, it is in Lithuania (11.3%), the Netherlands (4.3%), and Portugal (3.9%) that the largest monthly hikes were registered. At the same time, Greece (-1.2%), Denmark, and Finland (-0.9%) registered the sharpest drops.   

    Belgian industrial output rose by 0.5% in August, only to drop by 1.5% in September. October figures are not yet available.

    Christopher Vincent (Source: Belga)