Eurozone Industrial Production Drops in September

Eurozone’s Industrial Production in Germany showed a smaller-than-expected decrease in September, the official data published by Eurostat revealed on Friday, suggesting that the recovery in the manufacturing sector could be gaining traction. The industrial output in the bloc arrived at -0.2% MoM vs. a 0.5% drop expected and -1.6% last. On an annualized basis, the industrial output rose by 5.2% in September versus a 4.1% increase expected and August’s 5.1%.