Eurozone economic confidence rose to a 10-month high in October, survey data from the European Commission showed Friday.

The economic sentiment index rose more-than-expected to 106.3 in October from 104.9 in September, according to rttnews. This was the highest since December 2015, when the reading was 106.6. The expected reading was 104.9.

The industrial confidence indicator climbed to -0.6 from -1.8. Increasing industry confidence resulted from a marked improvement in managers' production expectations and improved assessments of overall order books and the stocks of finished products.

The confidence index for services came in at 12.0 versus 10 in September. The marked rise in services confidence resulted from managers' significantly brighter assessment of past demand and the past business situation.

The consumer confidence index improved to -8 as initially estimated from -8.2 in the prior month.