Euro-Area October Industrial Production Rises 1.9% From Year EarlierBloomberg News
Euro-area industrial production climbed 1.9 percent in October from a year earlier, surpassing economists' forecasts.
Month-on-month production rose 0.6 percent, snapping two periods of declines, according to Eurostat.
Analysts said the better-than-expected performance was as a good starting point for the final quarter of the year, with manufacturers’ orders up amid low inventories.
The October data showed that the rebound was driven by a broad-based expansion across the industrial categories.
The production of durable and non-durable consumer goods as well as capital goods grew, after contracting in September.
Energy production expanded at a slower pace but remained a positive contributor.