BRUSSELS — Official figures show industrial output across the 17 countries that use the euro slumped by a monthly rate of 1.1 percent in October, the latest sign that the region's recovery from recession is failing to gather momentum.
The fall reported by the EU's statistics office, Eurostat, was unexpected. The consensus in the markets was that output would rise by 0.3 percent.
However, analysts cautioned that industrial output can be volatile on a monthly basis. Much of October's fall was due to a marked drop in energy output.
Even so, the figures mean that the sector's performance is already a drag on the fourth quarter.
The eurozone has posted two quarters of economic growth. However, the quarterly increase in the third quarter was only 0.1 percent.