European stocks close mostly lower as industrial output falls

By Ovunc Kutlu

ISTANBUL (AA) - European stock markets mostly closed in negative territory Wednesday as industrial production showed a decline in October.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 0.09 point, or 0.02%, at 442.51.

The UK's FTSE 100 lost almost 7 points, or 0.1%, to close at 7,495. Germany's DAX 30 fell 37 points, or 0.26%, to end the session at 14,460.

France's CAC 40 decreased 14 points, or 0.21%, to finish the third trading day of the week at 6,730.

Italy's FTSE MIB declined 63 points, or 0.26%, to 24,573 at the closing bell.

Spain's IBEX 35, on the other hand, rose 32 points, or 0.4%, to 8,360.

Industrial production fell 2% in the euro area and 1.9% in the EU during October compared to the previous month, according to estimates from Eurostat released earlier.

On an annual basis, however, industrial production increased 3.4% in the euro area and 3.7% in the EU, said the statistical office of the EU.