Eurozone industrial production down by 0.9% in April

Economy 6/13/2018, 11:02 AM
Eurozone industrial production down by 0.9% in April

Industrial production decreased by 0.9% in the euro area in April, and was down by 0.8% in the whole European Union (EU28) compared to the previous month, Eurostat reported on Wednesday. On an annual basis, industrial production in both the Eurozone and the EU rose by 1.7%.

Energy output contributed the most to the decline recorded in April in the euro area as it fell 5%, followed by durable consumer goods decreasing 2.2% and non-durable consumer goods by 1.2%. The largest drop in industrial output was observed in Lithuania (7.9%), followed by the Netherlands (4.4%), and Greece (3.3%) while the highest growth was recorded in Ireland (9.1%).

Breaking the News / JC

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