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Cars euro area: industrial production progresses less than expected in March

14:10  12 may  2021
14:10  12 may  2021 Source:   rfi.fr

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Zone-EURO-ECONOMIC-PRODUCTION-INDUSTRIAL: Euro zone: industrial production progresses less than expected in March

ZONE EURO: LA PRODUCTION INDUSTRIELLE PROGRESSE MOINS QUE PRÉVU EN MARS © Reuters / Wolfgang Rattay euro area: industrial production Progresses less than expected in March

Brussels (Reuters) - the industrial production of the euro zone increased much less than expected in March, slowed down by the decline in the production of investment goods and sustainable consumption, according to data published Wednesday by the statistical office of the European Union.

Industrial production in the 19 countries sharing the euro increased by 0.1% last month compared to February and 10.9% compared to March 2020, according to Eurostat estimates.

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Economists anticipated an average of 0.7% over one month and 11.6% over one year.

The industrial production of the euro zone increased by 1.9% for non-durable consumer goods, 1.2% for energy and 0.6% for intermediate goods since last month.

, on the other hand, declined 1.0% for investment goods and 1.2% for sustainable consumer goods.

The most marked increases in industrial production were recorded in Denmark (+ 4.9%), Lithuania (+ 4.5%) and Bulgaria (+ 3.7%). The largest declines were observed in Luxembourg (-4.4%), Belgium (-4.0%) and Finland (-2.1%).

(Jan Strupczewski, French version Diana Mandiá, edited by Blandine Hénault)

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