Euro zone industrial production fell less-than-expected in March, according to data released on Friday, with capital goods and consumer nondurables leading the monthly decline and consumer durables providing support.
The European Union’s statistics agency Eurostat said industrial production in the 19 countries that use the euro fell by 1.8% month-on-month, registering a decline of 0.8% year on year.
Economists polled by Reuters had expected a monthly drop of 2.0% and a 1.0% annual decline.
Production of capital goods saw the biggest loss month-on-month, 2.7%, while production of non-durable consumer goods fell 2.3% from February, while consumer durables rose 0.8% .
In annual terms, energy production dropped 4% in March and capital goods production dropped 2.7%, while production of consumer durables rose 6.6% and non-durable goods increased 2.8%. .
Source: CNN Brasil
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