Fxstreet.com (Barcelona) - Industrial production rose by 0.4% in Euro Zone, while on the group EU27 it increased by 0.5%, according to the latest report by Eurostat.

On yearly basis, output increased by 3.8% in the euro area, and it showed an increase of 3.6% in the EU27. The market consensus for the Euro Area was an increase of 0.2% in the month and a rise by 3.7% compared with October 2006.

September's data for Euro Zone was downwardly revised to a decline by 0.8% in monthly basis and a yearly increase of 3.3%. Initial estimations were a decline of 0.7% in the month and an increase by 3.5% on yearly basis.

On monthly basis, capital goods output rose by 1.0% in the euro area and the EU27. Production of intermediate goods increased by 0.6% and 0.5% respectively. Production of durable consumer goods remained relatively unchanged in the euro area and was up by 0.2% in the EU27. Energy production fell by 1.2% in the euro area and rose by 0.4% in the EU27.

The highest monthly increases were observed in Lithuania with a 3.5% increase, Slovenia's production rising by 3.4% and Ireland with a 3.2% increase. The largest declines were registered in Netherlands with a -4.1% reading and Finland with a 1.4% decline.