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EURO AREA INDUSTRIAL PRODUCTION DIPS

December 13, 2023
industrial production

Euro Area industrial production dips, according to Eurostat. In October 2023, industrial output in the euro area saw a 0.7% decrease, and the EU experienced a 0.5% decline compared to September 2023.

This continues the downward trend from September, which had a 1.0% decrease in the euro area and a 0.8% fall in the EU.

The year-over-year comparison shows a more significant drop, with a 6.6% decrease in the euro area and a 5.5% reduction in the EU compared to October 2022.

Eurostat’s released statistics underscore a substantial annual decline in industrial production, reflecting ongoing challenges in the industrial sectors of both the euro area and the EU.