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Eurozone: Eurozone industrial production rebounds in October

December 14, 2015

Eurozone industrial output rebounded in November, following two consecutive months of decline. In October, industrial output increased a seasonally-adjusted 0.6% over the previous month, which contrasted the 0.3% contraction registered in the previous month and overshot the 0.3% rise the markets had expected.

October’s increase reflected expansions in manufacturing of durable consumer goods, capital goods as well as energy. On a year-on-year basis, industrial production increased 1.9% in October, which was stronger than the 1.3% expansion observed in September.

Among the Euro area economies, for which data are available, the expansion was driven by a notable increase in Lithuania (+11.3% month-on-month) and expansions in the Netherlands (+4.3% mom), Portugal (+3.9% mom), and Ireland (+3.4% mom). Conversely, industrial production decreased in Belgium, Cyprus, and Greece.

Among the region’s major economies, industrial output expanded in France (+0.5% mom), Germany (+0.1% mom), Italy (+0.5% mom) and Spain (+0.3% mom).

Met the why particular Consensus Forecast panelists see industrial production expanding 1.9% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, panelists see industrial production growing 1.9%.


Author:, Senior Economist

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Euro Industry by country October 2015 1

Note: Month-on-month var. of seasonally-adjusted industrial production and annual average growth rate in %. Data for Austria, Belgium and Cyprus refer to September.
Source: Eurostat


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