Eurozone industrial output rises in April

By Tuba Sahin

ANKARA (AA) - Industrial production in the euro area grew on a monthly basis in April, according to data released on Wednesday.

Industrial output in the single-currency zone rose 1% month-on-month in April, shifting from an upwardly revised decrease of 3.8% in March, Eurostat data showed.

The production of capital goods climbed 14.7% and energy by 1.0%, from a month ago in April.

The production of intermediate goods, on the other hand, dipped by 1%, durable consumer goods by 2.6% and non-durable consumer goods by 3%.

In the EU, industrial production also reversed to a growth of 0.7% in April on a monthly basis after March’s 3.2% decline.

Among member states with available data, the largest monthly hikes were in Ireland with 21.5%, Lithuania with 2.8% and Sweden with 1.4%, according to Eurostat.

The largest decreases were seen in Slovenia (7.9%), Portugal (5.5%) and the Netherlands (3.5%).

On an annual basis, industrial output ticked up 0.2% in the euro area and 0.1% in the EU.

The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.