Eurozone industrial production dropped less than expected in March, with capital goods and non-durable consumer goods leading to the monthly decline.
- Eurostat stated that industrial production in the 19 countries sharing the euro fell 1.8% month on month for a 0.8% year-on-year decline.
- Capital goods output declined the most month-on-month, falling 2.7%, and the production of non-durable consumer goods was down 2.3% against February, while durable consumer goods rose by 0.8%
- On an annual basis, energy production plummeted by 4% in March, and capital goods dropped by 2.7%.
The durable consumer goods output increased by 6.6%, and non-durable goods rose by 2.8%, providing support for the overall production output.
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