Eurozone production rose in capital and consumer goods in October, according to Reuters
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BRUSSELS (Reuters) – Eurozone industrial production rose as expected in October, with data on Tuesday showing that capital and consumer goods rose the most in a month, and non-durable goods production was a year-on-year leader as a result of the continued economy. recovery.
According to Eurostat, the European Union’s statistics office, industrial production in the 19 countries that share the euro rose 1.1% month-on-month in October, with a year-on-year gain of 3.3%.
Economists surveyed by Reuters expected a monthly increase of 1.2% and a 3.2% year-on-year increase.
Eurostat said that compared to September, industrial production of capital goods used for investment rose by 3.0% after falling in August and September. Production of capital goods rose by 5.2% year-on-year.
Durable consumer goods also rose significantly, growing by 1.7% month-on-month and 2.3% year-on-year, while non-durable consumer goods production rose by 6.9% year-on-year, a rise in previous months. following the firm.
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