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Eurozone industrial production unexpectedly dips in October

Staff Writer | December 14, 2016
Eurozone industrial production fell short of the consensus in October, according to Eurostat.
Eurozone industrial production
Europe   The industrial decrease during the month
Industrial production in the 19 countries that share the euro was down 0.1% from September, when it was down 0.0%. Economists had been expecting a 0.2% rise.

The decrease during the month was attributed to the production of non-durable consumer goods falling by 1.5% and intermediate goods by 0.5%. Meanwhile production of energy rose by 0.8%, capital goods by 1.0% and durable consumer goods by 1.5%.

On the year, industrial production in the euro bloc was up 0.6%, below expectations of a 0.8% rise.

In the EU-28 group of countries, industrial production was down 0.3% on the month but increased by 0.5% on the year.