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September 29, 2022
BUSINESS

Industrial production up 0.8% in the eurozone

Industrial production in the 16 countries that use the euro posted the largest year-to-year increase in April since records began, Eurostat informs. According to figures released by the European Union’s statistics agency Monday, industrial production rose 0.8% from March and gained 9.5% from a year earlier, the sharpest year-to-year increase since records began in January 1990.In April compared with March, production of intermediate goods grew by 2.2% in the eurozone and by 2.7% in the EU27. Capital goods rose by 1.1% and 0.7% respectively. Durable consumer goods fell by 0.1% in the eurozone, but increased by 0.4% in the EU27. Production of energy declined by 0.9% and 0.2% respectively. Non-durable consumer goods dropped by 1.2% in the eurozone and by 1.6% in the EU27. Among the Member States for which data are available, industrial production rose in twelve and fell in nine. The highest increases were registered in Lithuania (+6.0%), Estonia (+2.4%) and Denmark (+2.2%), and the largest decreases in Ireland (-10.9%), Portugal (-4.4%) and Greece (-3.4%). In April 2010 compared with April 2009, production of intermediate goods grew by 16.0% in the eurozone and by 14.1% in the EU27.

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