Euro zone industrial production rose as expected in October, data showed today, with capital and durable consumer goods up the most on the month and non-durable goods output in the lead year-on-year.
This comes amid continued economic recovery in the euro zone.
The European Union's statistics office Eurostat said industrial production in the euro zone rose 1.1% month-on-month in October for a 3.3% year-on-year gain.
Economists polled by Reuters had expected a 1.2% monthly rise and a 3.2% annual increase.
Eurostat said that measured against September, industrial output of capital goods, used in investment, rebounded by 3% after falls in August and September. Year-on-year capital goods production rose 5.2%.
Durable consumer goods were also sharply higher, rising 1.7% on the month and 2.3% on the year, while non-durable consumer goods output was 6.9% higher than a year earlier, continuing a trend of strong gains in previous months.
