Eurozone industrial production declined in April, at a slower than expected pace, data from Eurostat showed Wednesday.
Industrial production logged a monthly fall of 0.8 percent in April after easing 0.1 percent in March. The decline was smaller than economists' expectations for a 1.2 percent drop.
Annually, industrial output dropped at a faster pace of 2.3 percent in April, following a 1.5 percent drop in March. Economists were expecting a bigger decline of 2.7 percent.
In the EU27, overall production dropped 0.4 percent month-on-month, taking the annual decrease to 1.7 percent in April.
Among the member states, industrial production fell in eleven and rose in twelve. The largest annual decreases were registered in Italy, Spain and Portugal. Meanwhile, the highest increases were seen in Slovakia, Lithuania and the Netherlands.
by RTT Staff Writer
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