Industrial production down 1.0% in March in the euro area and the EU
Industrial production fell by 1.0% in both the euro area and the European Union (EU) in March compared with the same month of 2023, according to data released by Eurostat today.
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Economia Eurostat
Compared to February, industrial production grew 1.0% in both areas.
According to the EU statistical service, among the Member States, the largest year-on-year declines in the indicator were observed in Finland (-7.7%), Bulgaria (-7.6%) and Austria (-7.0%) and the main increases in Ireland (37.0%), Cyprus (8.5%) and Romania (3.5%).
Compared to February, Ireland (12.8%), Belgium (6.8%) and Luxembourg (4.5%) reported the main advances in industrial production and Slovenia (-5.9%), Poland (-5.1%) and Denmark (-4.3%) the largest declines.
In Portugal, the indicator grew 3.4% in year-on-year terms and 2.6% in the chain comparison.
Read Also: Eurozone economy grows 0.4% in the first quarter (Portuguese version)
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