LONDON (AP) — Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in another sign that the region’s recession is getting worse and weighing on big economies like Germany.
Eurostat, the EU’s statistics office, said industrial production fell by a monthly 1.4 percent, in contrast to expectations of a modest 0.2 percent increase. The fall also follows a 2.3 percent drop in September and provides further evidence that the eurozone economy is struggling despite the current calm in the financial markets.
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