Eurozone industrial production grew far stronger than anyone expected

Industrial production in the eurozone rose by 1.9% in the year to October, beating forecasts by some distance.

Production was up 0.6% from September alone.

Analyst expectations suggested a 0.3% boost month-on-month, and a 1.3% increase year-on-year.

Lithuanian industrial production surged a massive 11% month-on-month, according to the figures from Eurostat.

Ireland's recovery is also impressive, with production growing 3.4%.

Greece was at the bottom of the pile with a 1.2% drop in production, while Denmark and Finland both registered falls.