English
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat.
According to official data, the industrial output in the Eurozone has increased 0.6% in October, compared to September, and 1.9% YOY, respectively.
Analysts were anticipating an advance of just 0.2% of the industrial output, in the region, compared to September.
The industrial output in the Eurozone has stagnated in the third quarter, that being one of the reasons why the economy of the region has slowed down compared to the second quarter. The higher output from manufacturing, mining, and utility companies in the monetary union suggests that the turnaround of the Eurozone is not being significantly impeded by the drop in exports, following the slowdown in the economies of China, Brazil and Russia.
If it is sustainable, the increased output in the Eurozone will show that the economy of the region will end this year with a better situation, according to specialists.
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