Investing.com – Industrial production in the euro zone rose less-than-expected in October, official data showed on Tuesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.7% in October, after falling by 0.7% in September, whose figure was revised from a decline of 0.9%.
Analysts had expected industrial production in the euro zone to increase by 1.3% in October.
The data showed that year-on-year, the rate of industrial production rose less-than-expected, increasing by 6.9% in October, after rising by 5.4% in September.
Analysts had expected the year-on-year rate of industrial production to rise by 7.6% in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.26% to hit 1.3426.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 declined 0.07%, France’s CAC 40 rose 0.11%, and Germany's DAX was down 0.02%, while the FTSE 100 fell 0.08%.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.7% in October, after falling by 0.7% in September, whose figure was revised from a decline of 0.9%.
Analysts had expected industrial production in the euro zone to increase by 1.3% in October.
The data showed that year-on-year, the rate of industrial production rose less-than-expected, increasing by 6.9% in October, after rising by 5.4% in September.
Analysts had expected the year-on-year rate of industrial production to rise by 7.6% in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.26% to hit 1.3426.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 declined 0.07%, France’s CAC 40 rose 0.11%, and Germany's DAX was down 0.02%, while the FTSE 100 fell 0.08%.