FOREX TradingCharts.com

Financial News: Eurozone Industrial Output Falls Unexpectedly In April

Eurozone Industrial Output Falls Unexpectedly In April

06/13/2024 - 06:09:00 (RTTNews)

(RTTNews) - Eurozone industrial production dropped unexpectedly in April on falling intermediate goods output, official data showed Thursday.

Industrial output logged a monthly fall of 0.1 percent, marking the first drop in three months, Eurostat said. Production was forecast to grow 0.2 percent after rising 0.5 percent in March. Within major industrial groupings, only intermediate goods output contracted in April, which was down 0.4 percent. Meanwhile, energy output was up 0.4 percent.

Non-durable consumer goods registered the fastest growth of 3.4 percent. Production of capital goods and durable consumer goods gained 0.7 percent and 0.3 percent, respectively.

On a yearly basis, the decline in industrial production deepened to 3.0 percent from 1.2 percent in March. This was worse than economists' forecast of 1.9 percent drop. The EU27 industrial production expanded 0.5 percent on month but decreased 2.0 percent from the previous year in April.

The highest monthly increases were recorded in Denmark, Greece and Poland. On the other hand, Luxembourg, Latvia and Ireland reported sharp declines.

Capital Economics' economist Lily Millard said euro area industrial production growth is likely to remain subdued in the coming months.

The latest <a href=https://www.rttnews.com/3451809/eurozone-manufacturing-activity-posts-slower-contraction.aspx target=_blank >Purchasing Managers' survey</a> result showed that the downturn in the euro area manufacturing activity softened in May as production moved closer to stabilization and orders fell at a slower pace. The manufacturing Purchasing Managers' Index rose to 47.3 in May from 45.7 in April. However, a reading below neutral 50.0 indicates contraction.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Has NZ$699 Million Trade Surplus In June (49 min(s), 15 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$699 million in June, Statistics N ...Full Story»

New Zealand Trade Data Due On Monday (01 hr(s), 38 min(s), 15 sec(s) ago)
(RTTNews) - New Zealand will on Monday release June figures for imports, exports and trade balance ...Full Story»

Malaysia Economy Expands At Fastest Pace Since Late 2022 (10 hr(s), 47 min(s), 15 sec(s) ago)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story»

Eurozone Inflation Expectations Remain Unchanged (11 hr(s), 15 min(s), 15 sec(s) ago)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story»

Philly Fed Index Jumps Much More Than Expected In July (11 hr(s), 50 min(s), 15 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Philly Fed Index Indicates More Widespread Growth In July (11 hr(s), 50 min(s), 15 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Italy Current Account Surplus Rises In May (12 hr(s), 44 min(s), 15 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

UK Government Borrowings Overshoot Estimate (13 hr(s), 15 min(s), 15 sec(s) ago)
(RTTNews) - The bigger-than-expected UK public sector net borrowing in June highlights the challen ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Has NZ$699 Million Trade Surplus In June

07/21/2024 - 18:52 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$699 million in June, Statistics N ...Full Story>>

New Zealand Trade Data Due On Monday

07/21/2024 - 18:03 PM (RTTNews)
(RTTNews) - New Zealand will on Monday release June figures for imports, exports and trade balance ...Full Story>>

Malaysia Economy Expands At Fastest Pace Since Late 2022

07/19/2024 - 08:54 AM (RTTNews)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story>>

Eurozone Inflation Expectations Remain Unchanged

07/19/2024 - 08:26 AM (RTTNews)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story>>

Philly Fed Index Indicates More Widespread Growth In July

07/19/2024 - 07:51 AM (RTTNews)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.