Mubasher: Industrial production in both the Eurozone and the 28-member European Union (EU28) edged up by 0.2% in October, compared with September, official data showed on Wednesday.

The industrial output declined by 0.6% month-on-month in September for the Eurozone, and by 0.4% in the EU28, the Eurozone’s statistical office, the Eurostat said.

On an annual basis, the industrial production rose 1.2% in the Eurozone in September, while the EU28 saw a 1.3% gain.

In October, the Eurozone saw a rise of 1% in the production of capital goods, 0.4% in durable consumer goods, 0.2% intermediate goods, whereas production of non-durable consumer goods remained unchanged, with a 1.7% drop for energy.

In the EU28, the monthly decline was attributed to a 0.8% increase in the production of capital goods, 0.6% in durable consumer goods, with a 0.3% gain in intermediate and non-durable consumer goods, while energy products fell 1.4%.

The largest gains in industrial production in October were seen in Lithuania at 7.4%, Slovenia at 2.5%, with an increase of 2.1% in both Sweden and Hungary.

On the other hand, the biggest declines were registered in Finland at -2.6%, Greece at -1.5%, Latvia at -1.2% and Czechia at -1.1%.

By 10:11 am GMT, the EUR/USD pair went up 0.17% to $1.1336.