Euro zone: Industrial production fell more than expected in October











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(Reuters) – Eurozone industrial production fell more than expected in October, official estimates released by the European Union’s statistical office showed on Wednesday.

Industrial production in the 19 countries sharing the euro fell by 2% in October over one month, for an increase of 3.4% year on year, indicates Eurostat.

Economists polled by Reuters had expected a 1.5% decline in the month, after rising 0.8% (revised) in September.

Among the strongest declines in the euro zone, the production of energy fell by 3.9%, that of durable consumer goods by 1.9% and that of intermediate goods by 1.3%.

(Written by Augustin Turpin, Editing by Kate Entringer)










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