Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Euro zone industry output falls sharply, with Ireland plunge

Euro zone industry output falls sharply, with Ireland plunge

BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures from Ireland, which are typically volatile.

The European Union’s statistics office Eurostat said on Monday that industrial production in the 20 countries sharing the euro fell by 4.1% month-on-month in March for a 1.4% year-on-year decline.

Economists polled by Reuters had expected a 2.5% monthly decrease and a 0.9% year-on-year gain.

Industrial production in Ireland fell 26.3% in the month and by 26.1% from a year earlier. Eurostat noted that Ireland’s Central Statistics Office was reviewing its methodology for calculating the seasonal adjustment for industrial output.

Eurostat said the output of capital goods – goods such as buildings and equipment used to make products and provide services – fell by 15.4% on the month. Year-on-year, the decline was 2.1%.

All other components of industrial production declined, except that of durable consumers goods, which roes 2.8% in the month, although was down 0.8% from a year earlier.

For Eurostat release, click on:

http://ec.europa.eu/eurostat/news/news-releases

 

(Reporting by Philip Blenkinsop)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts