As per data revealed on Thursday, April 12 2018, the industrial production of the euro-zone under performed in the month of February than it was “expected”. The reason behind this led down could be the surging failure in the “energy output” in offsetting “a slump in the production of capital goods and consumer goods”.
According to Eurostat, in a combined canvas of nineteen countries of the EU “sharing the euro” dipped by “0.8 percent month-on-month”, while the Reuters’ economists expected a 0.1% rise in “month-on-month” scale, while a 3.8% gain on an annual scale. The weak February performance could be attributed to the weak production observed across sectors of intermediate goods, durable consumer goods, capital goods to “non-durable consumer goods”, energy being the only exception. However, Reuters added:
“Year-on-year, energy production rose 5.7 percent in February after a 8.9 percent plunge in January, but all other components showed a smaller annual rise than the month before”.
References:
reuters.com
According to Eurostat, in a combined canvas of nineteen countries of the EU “sharing the euro” dipped by “0.8 percent month-on-month”, while the Reuters’ economists expected a 0.1% rise in “month-on-month” scale, while a 3.8% gain on an annual scale. The weak February performance could be attributed to the weak production observed across sectors of intermediate goods, durable consumer goods, capital goods to “non-durable consumer goods”, energy being the only exception. However, Reuters added:
“Year-on-year, energy production rose 5.7 percent in February after a 8.9 percent plunge in January, but all other components showed a smaller annual rise than the month before”.
References:
reuters.com
