Euro-Area Industrial Production Falls 0.3%, More Than Forecast
- Decline in September followed 0.4% drop in previous month
- GDP data to show third-quarter economic growth of 0.4%
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Industrial production in the euro area fell more than economists forecast in September, which may raise concerns among European Central Bank policy makers about the outlook for the economy.
The 0.3 percent drop published by Eurostat exceeded the 0.1 percent decline economists in a Bloomberg survey had predicted. The European Union statistics office revised data for August to show a 0.4 percent drop, slightly smaller than initially estimated.