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Eurozone, EU Industrial Production Rebound in October

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Industrial production in both the Eurozone and the European Union rebounded in October after two straight months of contraction, driven mainly by the growth in capital goods production.

Source: Eurostat

EZU is down 0.08%, while VGK is down 0.03%.

The Euro area seasonally-adjusted industrial production grew by 1.1% in October, following -0.2% in September and -1.7% in August. Production increased by 3.3% in October from the same month last year, down from 5.1% in September.

Industrial production in the European Union for the same month climbed by 1.2%, following -0.2% in September and -1.7% in August. Compared with October 2020, production climbed by 3.6% versus 4.8% in September.

Capital goods rose in the Eurozone rose by 3.0% from the previous month, and by 6.9% from the prior year. Production in the EU jumped by 3.0% from the previous month and by 7.9% versus the same month in 2020.

The highest monthly increases were seen in Germany, Slovakia, and Greece. The steepest declines were in Estonia, Latvia, the Netherlands, and Romania.

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