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Eurozone industrial production down by 0.3 pct in March

Xinhua, May 13, 2015 Adjust font size:

Seasonally adjusted industrial production fell by 0.3 percent in the euro zone and remained stable in the European Union (EU) in March 2015, compared to February 2015, according to estimates from Eurostat, the statistical office of the EU, on Wednesday.

The decrease of 0.3 percent in industrial production in the euro zone was due to production of energy falling by 1.7 percent, both capital goods and durable consumer goods by 0.9 percent, and intermediate goods by 0.3 percent, while non-durable consumer goods increased by 2.3 percent.

Industrial production remained stable in the EU due to production of non-durable consumer goods rising by 2.1 percent and intermediate goods remaining stable, while capital goods and durable consumer goods both fell by 0.5 percent, and energy by 1.0 percent.

The largest decreases were registered in the Netherlands, Lithuania and Estonia, and the highest increases in Latvia, Denmark and Ireland.

Moreover, the industrial production increased by 1.8 percent in the euro zone and by 2.0 percent in the EU in March 2015 compared with March 2014, said Eurostat.

The increase of 1.8 percent in industrial production was contributed to production of non-durable consumer goods rising by 5.7 percent, energy by 3.8 percent and capital goods by 0.3 percent, while intermediate goods remained stable and durable consumer goods fell by 1.7 percent.

In the EU, the increase of 2.0 percent was due to production of non-durable consumer goods rising by 4.6 percent, energy by 2.3 percent, capital goods by 1.2 percent, intermediate goods by 0.9 percent and durable consumer goods by 0.3 percent.

The highest increases in industrial production were registered in Ireland, Hungary, Latvia and Poland, while decreases were recorded in Finland, Sweden, Malta and Germany. Endit