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Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone rose 0.6% in October, exceeding expectations for a 0.3% increase, after a 0.3% fall in September.
The increase was driven by rises in durable consumer goods, non-durable consumer goods, energy and capital output. Durable consumer goods output jumped 1.8% in October, non-durable consumer goods were up 0.4%, capital goods output climbed 1.4%, while energy output rose 0.6%.
Intermediate goods output declined 0.1% in October.
On a yearly basis, Eurozone's industrial production gained 1.9% in October, exceeding expectations for a 1.3% rise, after a 1.3% increase in September. September's figure was revised down from a 1.7% gain.
The increase was mainly driven by rises in durable consumer goods, intermediate goods output and capital goods. Durable consumer goods climbed by 4.2% in October from a year ago, capital goods rose by 3.5%, while intermediate goods output increased by 1.5%.
Energy output was up by 0.2% in October from a year ago, while non-durable consumer goods gained by 0.7%.
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