This content is not available in your region

Euro zone industry output drops again, dragged down by Germany

Access to the comments Comments
Euro zone industry output drops again, dragged down by Germany
FILE PHOTO: A worker works on parts of S-Bahn commuter city train at German railway operator Deutsche Bahn's maintenance plant Schoeneweide in Berlin, Germany January 10, 2017. REUTERS/Fabrizio Bensch   -   Copyright  Fabrizio Bensch(Reuters)
Text size Aa Aa

BRUSSELS (Reuters) – Euro zone industrial production fell for a second consecutive month in April due to a sharp decline in Germany and a slight fall in Italy, data showed on Thursday.

European Union statistics office Eurostat said output in the 19 countries sharing the euro dropped by 0.5% on the month, in line with market expectations, and by 0.4% year-on-year.

The monthly fall in April followed a 0.4% decrease of the industrial production in March and a flat reading for February.

Output was driven down by a 1.7% drop in durable consumer goods, more than reversing a pick-up in April. Production of intermediate goods and capital goods also declined by 1.0% and 1.4% respectively.

The only positive components were output of energy and of non-durable consumer goods, although the latter very slightly.

Germany, the euro zone’s largest economy, suffered a 2.3% drop, while output in Italy, the zone’s third largest economy, declined for a second straight month, by 0.7%. Production in France, the number two economy, rose by 0.4%.

(Reporting by Philip Blenkinsop)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.