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Euro zone output rises in October on consumer goods

Published 12/12/2014, 10:06
Updated 12/12/2014, 10:10
© Reuters. A fresh produce vendor sells fruits to a customer at a market in central Madrid

BRUSSELS (Reuters) - A strong rise in output of consumer goods kept euro zone industrial production rising in October despite a deep fall in energy production, the European Union's statistics office data showed on Friday.

Eurostat said industrial production in the 18 countries sharing the euro rose only 0.1 percent month-on-month in October for a 0.7 percent year-on-year gain. Economists polled by Reuters had expected a 0.2 percent monthly increase and a 0.6 percent annual rise.

Eurostat also revised down its production data for September to 0.5 percent month-on-month from 0.6 percent and to 0.2 percent year-on-year from the previously reported 0.6 percent.

Energy output fell 1.9 percent month-on-month and 2.5 percent year-on-year.

This offset much of the 1.8 percent monthly rise in non-durable consumer goods and the 0.9 percent increase in the output of durable consumer goods. Year-on-year non-durable consumer goods rose 3.7 percent and durable goods 0.2 percent.

© Reuters. A fresh produce vendor sells fruits to a customer at a market in central Madrid

Ireland recorded the biggest monthly increase in production of 9 percent and a whopping 38.8 percent surge year-on-year.

(Reporting By Jan Strupczewski)

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