Eurozone Industrial Production Rebounds In October

Eurozone industrial production rebounded at a faster than expected pace in October, data from Eurostat showed Monday.

Industrial output advanced 0.6 percent on a monthly basis in October, reversing a 0.3 percent fall in September. This was the first increase in three months and exceeded a 0.3 percent rise forecast by economists.

On a yearly basis, industrial production climbed 1.9 percent, faster than the revised 1.3 percent increase in September.

Economists had forecast a 1.4 percent growth for October. The growth rate for September was revised down from 1.7 percent.

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