Industrial production fell by 0.5% month-on month in October after a downwardly revised 0.1% contraction September. Year-on-year it fell by 2.2%, compared to a 1.8% decline in September. The main culprit was the 1.6% month-on-month fall in capital goods production, a direct consequence of the hesitant business investments in the wake of global uncertainty. After the disappointing German industrial production data, it was more or less expected that industrial production won't be looking pretty for the eurozone as a whole. However, this conflicts with the better sentiment data that has been published over the last few ... (full story)