Euro Zone Industrial Production Weaken in March
- Brian Turner
- U.S.A. New York City
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The persistent supply chain strains and rising raw materials and energy costs weighed on the industrial production.
Industrial output in the euro zone after adjusting for seasonal factors declined 1.8% in March from February and fell 0.8% from a year ago, the statistics agency of the region Eurostat said today.
The weakening supply chains and rising prices in the region impacted the output in the region.
The agency also revised lower February output increased to 0.5% from 0.7% and to 1.7% gain from 2.0% on a monthly and annual basis respectively.
The production index in the European Union fell 1.2% in the European Union in March. February production index increased 0.6% in the EU.
Separately, the French statistics agency said inflation rose at an annual pace of 5.4% in April from a year ago.