Eurozone industrial production constant in October

By Tuba Ongun

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% month-on-month decline in September, Eurostat data showed.

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

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

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