European Industrial Production Rises on Capital Goods

European industrial production increased in October led by orders for capital goods such as machinery and tools.

Output in the 16-nation euro region rose 0.7 percent from September, when it fell a revised 0.7 percent, the European Union’s statistics office in Luxembourg said. Economists had forecast a gain of 1.3 percent, the median of 32 estimates in a Bloomberg survey showed. Production increased 6.9 percent from a year earlier, after gaining 5.4 percent in September.