Exchanges in Europe closed with growth in the range of 1%
The main European stock indices finished the day in the plus. By the end of the day the DAX index (Germany) rose by 0,68%, FTSE 100 (UK) - by 0,16%, CAC 40 (France) - by 0,75%. Statistical data release on the euro area as well as corporate news were the supporting factors. Industrial output in the region rose by 5.1% y/y in August, exceeding analysts' expectations, who forecasted 4.7%. Compared to the previous month, the figure added 1.6% contrary to forecasts of a decline. UK industrial production in the period under review also exceeded the forecasted figures, increasing by 0.8% month-on-month against the expected 0.2%. Trading was also stimulated by financial news from LVMH Hennessy - Louis Vuitton, which announced a 1.5-fold growth in revenue from January to September this year. The latter increased by 30% in the third quarter. Against this news, the company's share price rose by 3.7%.