The Numbers
Euro Area Industrial Production Disappoints In October
Eurozone industrial production declined by a larger-than-expected 2.0% m/m in October, following a 0.8% m/m expansion. Meanwhile, output growth slowed from 5.1% to 3.4% on a year-on-year basis. The energy sector (-3.9% m/m), durable consumer goods (-1.9%…
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