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As on: Jun 21, 2019 04:54 AM
Economic Buzz: Eurozone Industrial Production Falls At Fastest Rate In 4 Months In April
13-Jun-19   15:19 Hrs IST
Eurozone industrial production declined 0.5 percent month-on-month in April, following a 0.4 percent fall in March, figures from Eurostat showed on Thursday. The latest decrease in production was the worst since December last year, when it was down 0.9 percent. The latest decline was driven by 1.7 percent fall in durable consumer goods. Capital goods and intermediate goods fell 1.4 percent and 1.0 percent, respectively. While energy production rose 1.4 percent and that of non-durable consumer goods increased 0.2 percent. On a year-on-year basis, industrial production fell 0.4 percent in April, following a 0.7 percent decline in the previous month.

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