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.
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.