Wednesday 14 May 2014

EUROZONE INDUSTRIAL PRODUCTION CONTRACTED BY 0.3 PER CENT IN MARCH

The Eurozone's industrial production contracted at a 0.3 per cent month-on-month pace in March, according to Eurostat.

Versus a year ago output was 0.1% lower. 

Economists had been expecting a fall of 0.3% on the month and of 0.9% in comparison with a year ago.

In terms of monthly rates of change production was lower across all sub-sectors, led by a 0.4% decline in energy and another 0.8% decrease, the largest one, in the production of intermediate goods.

In terms of quarterly rates of change industrial output was 0.2% higher after having expanded by 0.5% over the previous three months. 

Production levels diminished in all the main countries within the single currency area: Germany, France, Italy and Spain. 

Source: LiveCharts

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