·
Industrial production rose a firm 0.7% following a downwardly revised 0.1%
rise the prior month. Consensus expectations had been for a 0.4%
increase in October. · Production in the
factory sector jumped 0.8% (6.0% y/y) after the unrevised 0.3% decline
the prior month.
· Motor vehicles output recovered 2.3% (2.8% y/y) following the prior month's decline. Furniture output also recovered 0.9% (2.0% y/y) after two down months and textile output rose 0.8% (-2.2% y/y). High tech sector output again was firm with a 0.9% (18.8% y/y) rise.
· Factory sector output excluding motor vehicles & high tech rose 0.5% (+5.3% y/y).
· Total capacity utilization rose to 77.7% as capacity grew 1.5% y/y.