BREAKING NEWS

BREAKING NEWS

Euro zone industrial output tumbles

Now Reading:

Euro zone industrial output tumbles

Text size Aa Aa

Industrial output in the euro zone dived again in March. It fell by 20.2 percent compared with the same month last year – a new record.

It slumped two percent from February. The figures point to a sharp contraction in first-quarter economic growth and economists say they offer no cause for optimism about “green shoots” of economic recovery predicted in some forward looking business surveys.