Euro zone industrial output defied market expectations of a small month-on-month rise and fell sharply in October, in a fresh warning about the fragility of the bloc's economic recovery, Reuters reported. Industrial production in the 17 countries using the single currency dropped 1.1 percent on the month, it's biggest monthly decline since September last year, the data from the EU statistics agency Eurostat showed on Thursday. The monthly fall was led by a 4.0 percent drop in the highly volatile energy production, followed by a 2.4 percent decline in production of durable goods, such as cars and electronics, and capital goods production was down by 1.3 percent. Compared with the same period last year, industrial output in October rose 0.2 percent for a second month in a row.
