(Finance) – Eurozone industrial production fell more than expected in October.
As reported by theInstitute of Statistics of the European Union (Eurostat), output recorded a decrease of 2% on a monthly basis after +0.8% in September (data revised from a preliminary figure of +0.9%). The figure is worse than market expectations which were for a 1.5% drop.
On an annual basis, production recorded an increase of 3.4%, as expected, after +5.1% in September.