Industrial production in the Eurozone continues to increase, suggesting that the region's overall economy may post a growth for the first time in over a year.
The European Union's Eurostat statistics agency reported output for 16 member states of the euro area grew by 0.3 percent in September compared with August, while the EU27 regions experienced 0.2 percent.
The results mark a fifth consecutive month of growth. Compared to last September, where production declined by over 12 percent, Thursday's numbers are fueling expectation that the Euro region's economy will post growth for the current quarter.
Economists expect euro-zone GDP grew 0.6 percent on a quarterly basis and contracted 3.9 percent on an annual basis in the third quarter. The region's GDP has declined on a quarterly basis since the second quarter of 2008.
Eurostat is due to release an advance estimate for third quarter gross domestic product figures tomorrow. However, a slowdown in industrial output growth indicate recovery would be slow.