Eu­ro­zone in­dus­trial out­put re­bounds in Oct

The Pak Banker - - International3 -

BRUS­SELS: Eu­ro­zone in­dus­trial pro­duc­tion rose 0.7 per­cent in Oc­to­ber, re­bound­ing from a 0.7 per­cent fall in Septem­ber, Euro­pean Union data showed on Tues­day.

The Septem­ber fig­ure was also an up­ward re­vi­sion from a pre­vi­ous es­ti­mate of a 0.9 per­cent con­trac­tion, the Euro­stat agency said.

In­dus­trial pro­duc­tion in the 27-nation EU, which in­cludes non-euro mem­bers Bri­tain and Poland, was up 0.3 per­cent in Oc­to­ber from Septem­ber.

Among in­di­vid­ual eu­ro­zone states, the sharpest in­creases were recorded in Lux­em­bourg, where out­put jumped 6.4 per­cent in Oc­to­ber, and in Greece, up 3.6 per­cent.

Cri­sis-hit Ire­land, the re­cip­i­ent of an 85-bil­lion-euro (113bil­lion-dol­lar) bailout this month, suf­fered a 4.8 per­cent drop in pro­duc­tion, the biggest fall in the 16-nation com­mon cur­rency area. Eu­ro­zone pow­er­house Ger­many re­ported a 3.0 per­cent rise in pro­duc­tion, while out­put in France was down 0.6 per­cent. -Ap

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