Plus   Neg

Eurozone Industrial Output Falls For Second Month

Industrial production in Eurozone declined for a second consecutive month in October, but at a slower pace compared to the previous month, data released by Eurostat showed Wednesday.

Production dropped 1.4 percent month-on-month in October after a 2.3 percent fall in September. Economists expected no change in production volume.

Production of durable consumer goods fell 3.8 percent month-on-month while output of capital goods decreased 3 percent. Production of energy declined 1.5 percent and intermediate goods dropped 1.2 percent. Output of non-durable consumer goods industry was up 1.2 percent.

Year-on-year, total industrial production declined 3.6 percent compared with expectations for a 2.4 percent fall. In September, output was down 2.8 percent.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT