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Eurozone industrial output stable in October

Matches forecasts for the month

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Industrial production in the eurozone remained stable in October compared to a month earlier, matching forecasts, according to data released on Friday.

The figure followed a 1.5-percent month-on-month decline in September, Eurostat data showed.


In the EU as a whole, on the other hand, industrial output grew 0.3 percent in October, recovering from a fall of 1.4 percent in September.

Among bloc members for which data are available, the largest monthly rises were seen in Ireland (5.7 percent), Denmark (5.4 percent), and Poland (3.5 percent), while the largest drops were in Lithuania (-7.5 percent), Belgium (-6.2 percent), and Croatia (-3.9 percent).

On an annual basis, industrial production fell 1.2 percent in the euro area and 0.8 percent in the EU.

The eurozone/euro area, or EA19, represents member states that use the bloc's single currency, the euro, while the EU27 includes all of its member countries. ANADOLU

PHOTO FROM PIXABAY