Eurozone Industrial Production contracts by 2% in October vs. -1.5% expected – by eren_fxstreet IndustrialProduction Europe Macroeconomics
n a monthly basis in October. The market expectation was for a 1.5% decline in the euro area's production.
"In the euro area in October 2022, compared with September 2022, production of energy fell by 3.9%, durable consumer goods by 1.9%, intermediate goods by 1.3% and capital goods by 0.6%, while production of non-durable consumer goods rose by 0.3%," the publication further read.showed no immediate reaction to these figures and was last seen rising 0.27% on the day at 1.0658.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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