Eurozone industrial production falls 0.3% month-on-month in March

FXStreet (Mumbai) - The data released by the Eurostat on Wednesday showed the industrial production growth contracted 0.3% month-on-month in March, compared to the 1.1% growth seen in February. Year-on-year, industrial production increased by 1.8% as expected.

The decrease of 0.3% in industrial production was mainly due to the production of energy falling by 1.7%, both capital goods and durable consumer goods by 0.9%, and intermediate goods by 0.3%, while non-durable consumer goods increased by 2.3%.

On annual basis, the production of non-durable consumer goods rose by 5.7%, energy by 3.8% and capital goods by 0.3%, while intermediate goods remained stable and durable consumer goods fell by 1.7%.