Eurozone Industrial Production Growth At 3-month Low; Below Forecast

Eurozone industrial production growth eased sharply in April to its slowest pace in three months and came in below economists' expectations, figures from the Eurostat showed Friday.

Industrial production grew a working-day adjusted grew 0.8 percent year-on-year following 2.1 percent growth in March, which was revised up from 1.8 percent. Economists had forecast 1.1 percent increase.

The latest growth was the smallest since January's 0.6 percent gain.

In April, growth in energy output slowed sharply to 0.2 percent from 4.4 percent. Intermediate goods output grew 0.2 percent, which was also slower than the previous month's 0.4 percent growth.

Capital goods production growth improved to 2.1 percent from 1.1 percent. Durable consumer goods production rebounded with 1.7 percent growth from a 1.3 percent fall in March.

Month-on-month, industrial production edged up 0.1 percent, rebounding from a 0.4 percent fall in March. Economists had expected 0.4 percent growth.

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