Industrial Production in Eurozone Exceeds Expectations
11:35
Industrial production in the Eurozone for October was better than expected, with monthly production remaining unchanged compared to the previous month. A decline of 0.1 percent was forecasted, following a 1.5 percent drop in September, the largest since January.
Year-on-year, industrial production in the Eurozone decreased by 1.2 percent, a smaller decline than the anticipated 1.9 percent. In September, the drop was 2.2 percent, marking the largest decline since June. The last time year-on-year industrial production showed growth was in December 2023, at 0.3 percent. These results suggest a more resilient industrial sector than initially predicted.
