Eurozone's Industrial Output: October Overview

According to Eurostat's latest provisional report, the industrial output in the euro area remained stable in October compared to the previous month. This stability contrasts with the 0.3% increase observed in the European Union as a whole.

Capital Goods Lead the Growth

The production of capital goods was the primary driver of the index's upward trend in October, registering a 1.7% increase in both the euro area and the EU. This growth was particularly notable in Ireland, Denmark, and Poland, which saw monthly increases of 5.7%, 5.4%, and 3.5% respectively.

Annual Decline in Industrial Production

Despite the monthly stability and growth, industrial production in the euro area fell by 1.2% on an annual basis, with a 0.8% decline in the EU. Belgium, Germany, and Italy experienced significant drops of 7.9%, 4.9%, and 3.6% respectively.