Euro-Area October Industrial Production Rises 1.9% From Year Earlier

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.

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