Industrial output falls in Eurozone

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Industrial output falls in Eurozone

Eurozone’s seasonally adjusted industrial output down by 0.5 percent in April compared to March and by 0.7 percent in the EU28, according to the date released by Eurostat, the statistical office of the EU. In previous month, industrial production fell by 0.4 percent in the euro area and by 0.2 percent in the EU28. In yearly basis, industrial production decreased by 0.4 percent in the euro area and by 0.1 percent in the EU28, the data showed. “Among Member States for which data are available, the largest decreases in industrial production were registered in the United Kingdom (-2.7%), Germany (-2.3%) and Latvia (-2.0%). The highest increases were observed in Ireland (+3.6%), Portugal (+2.9%), Finland (+2.2%) and Luxembourg (+2.1%),” Eurostat said. Also in Germany, consumer price inflation in May eased to 1.4 percent from 2 percent in April.