Industrial production in the Eurozone fell sharply in March, as many countries imposed quarantine to slow the spread of Covid-19, flash data from Eurostat revealed.
The volume of industrial production in the Eurozone fell -11,3% compared to the previous month, which was slightly less than economists had forecast (at -12,1%). In February the index fell 0.1%.
Among the various industry groups, consumer durable goods showed the largest decline — on -26,3%. Capital goods and intermediate goods also registered a double-digit decline.
On an annual basis, industrial production decreased by decrease of 12.9 per cent in March after a revised fall of -2.2% in February.
In the EU, industrial production fell by -10,4% in the month after it remained unchanged in February. Compared to the same month last year, production decreased by USD 11.8%.
Information-analytical Department TeleTrade