This marks the most robust growth in industrial activity since March of this year, following three consecutive months of decline, driven by stronger output from manufacturing (2.1% vs -3.7% in September). In particular, the manufacturing motor vehicles, trailers, and semi-trailers contributed 4.3 percentage points to the industry's growth, mainly influenced by a low comparison basis in car production.
Similarly, output produced in the utility sector grew 3.4%, in contrast to a 17.4% plunge in September. On the other hand, mining and quarrying output contracted sharply by 15.2%.
A separate report showed that construction output dropped 0.9% in October from the same month last year, following a 0.4% fall in the prior month.
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