Eurozone's Industrial Production Declines More Than Expected
By Maria Martinez
Industrial production in the eurozone fell in February, the
European Union's statistics agency said Wednesday.
The output of factories, mines and utilities across the currency
area for February was 1.0% lower than in January and fell 1.6%
compared to February 2020. Economists polled by The Wall Street
Journal had expected a 0.5% decline on month and a 0.9% drop on
Compared with January 2021, production of capital goods fell
1.9%, energy production fell 1.2%, durable-consumer-goods
production declined 1.1%, intermediate-goods production fell 0.7%
and production of non-durable consumer goods slipped 0.1%, Eurostat
Among member states for which data are available, the largest
decrease in industrial production was registered in France, which
recorded a 4.8% drop. On the other hand, the sharpest increases
were observed in Hungary, Ireland and Croatia.
Write to Maria Martinez at firstname.lastname@example.org
(END) Dow Jones Newswires
April 14, 2021 05:14 ET (09:14 GMT)
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