EU industrial production down in March


The EU’s industrial production fell by 0.1% in March on a monthly basis, the European statistical authority announced on Tuesday.

Eurostat said the seasonally-adjusted industrial production index was 106.6 in March, compared to 106.7 in the previous month.

It noted: “In the EU28, production of non-durable consumer goods fell by 0.5% and energy by 0.2%, while production of intermediate goods remained unchanged, capital goods rose by 0.4% and durable consumer goods by 0.5%.”

Malta recorded the highest decrease with 3.7% in the month among member states, following by Greece (2.7%), and Sweden (2.3%).

“The highest increases were observed in Lithuania (3.5%), Denmark (1.8%) and Slovakia (1.2%),” Eurostat said.

Meanwhile, the industrial production in the EU saw a decrease of 0.4% year-on-year in March, according to official figures.

Source: AA