ET:Industrial output down in euro zone and broader EU
By Robert Daniel
TEL AVIV (MarketWatch) -- Industrial production in the 17-nation euro area fell 0.8% in April compared with March, the Eurostat statistics agency reported on Wednesday. Industrial output for the 27-nation European Union fell 0.4%, the agency reported. Compared with the year-earlier month, industrial production fell 2.3% in the euro zone and fell 1.7% within the broader EU. Year over year, production of durable goods for consumers slumped 6.2% in the euro zone and dropped 4.5% in the broader EU. Capital-goods output declined 0.3% in the euro zone and rose 0.4% in the EU27, Eurostat reported.
