• Eurozone industrial production rose more than expected in October

Market news

14 December 2020

Eurozone industrial production rose more than expected in October

According to the report from Eurostat, in October 2020, the seasonally adjusted industrial production rose by 2.1% in the euro area and by 1.9% in the EU, compared with September 2020. Economists had expected a 2.0% increase in the euro area. In September 2020, industrial production grew by 0.1% in the euro area and by 0.3% in the EU.

In October 2020 compared with October 2019, industrial production decreased by 3.8% in the euro area and by 3.1% in the EU. 

In the euro area in October 2020, compared with September 2020, production of capital goods rose by 2.6%, intermediate goods by 2.1%, energy by 1.8% and durable consumer goods by 1.5%, while production of nondurable consumer goods remained unchanged. In the EU, production of capital goods rose by 2.6%, intermediate goods by 2.1%, durable consumer goods by 1.3% and energy by 1.2%, while production of non-durable consumer goods fell by 0.4%.

In the euro area in October 2020, compared with October 2019, production of capital goods fell by 8.2%, nondurable consumer goods by 2.1% and intermediate goods by 1.3%, while production of durable consumer goods rose by 0.3% and energy by 0.1%. In the EU, production of capital goods fell by 7.1%, non-durable consumer goods by 2.4%, energy by 1.5% and intermediate goods by 0.5%, while production of durable consumer goods rose by 2.3%.


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