Eurozone Industrial Production Edges Lower

Eurozone industrial production edged lower in April as a decline in the production of durable consumer goods offset an increase in non-durable consumer goods and energy, region-wide data published on Thursday showed.

Seasonally adjusted industrial production fell by 0.5% in the Eurozone, according to data published by Eurostat, the statistics office of the European Union. In March, industrial production fell by 0.4% and when compared to a year earlier, April’s reading was down by 0.4%.

Production of durable consumer goods fell by 1.7%, capital goods by 1.4% and intermediate goods by 1.0%, while production of non-durable consumer goods rose by 0.2% and energy by 1.4% in April when compared to a month earlier.

Among the Eurozone member states for which data was available, the largest decreases in industrial production were registered in the UK, down by 2.7%, Germany, 2.3% lower, and Latvia, down by 2.0%. The highest increases, by contrast, were observed in Ireland, up by 3.6%, Portugal, 2.9% higher, Finland, up by 2.2% and Luxembourg, up by 2.1%.

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