Industrial production in the eurozone rose in April, partly offsetting last month’s decline as factories in the region continue to face supply chain problems and high costs.
Production from factories, mines and utilities increased 0.4% over the previous month, according to Eurostat.
Economists expected a 0.5% increase.
In March, industrial production fell 1.4% on a revised basis, less than the 1.8% decline previously expected.
The increase in production is supported by the increase in industrial production in Germany by 1.3% on a monthly basis, as well as increases in production in Spain and Italy by 2.1% and 1.6% respectively.
In France, production decreased by 0.1% while the percentages with the largest decline were observed in Ireland (-9.6%), Greece (-7.4%) and Lithuania (-7.1%).
Recent data from the manufacturing sector show that factory activity in the euro area slowed in May due to weakening demand and amid persistent inflationary pressures.
Source: Capital
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