• Eurozone industrial production grew less than expected in March

Market news

12 May 2021

Eurozone industrial production grew less than expected in March

According to estimates from Eurostat, in March 2021, the seasonally adjusted industrial production rose by 0.1% in the euro area and by 0.6% in the EU, compared with February 2021. Economists had expected a 0.7% increase in the euro area. In February 2021, industrial production fell by 1.2% in the euro area and by 1.0% in the EU. 

In March 2021 compared with March 2020, industrial production increased by 10.9% in the euro area and by 11.0% in the EU. Economists had expected a 11.6% increase in the euro area.

In the euro area in March 2021, compared with February 2021, production of non-durable consumer goods rose by 1.9%, energy by 1.2% and intermediate goods by 0.6%, while production of capital goods fell by 1.0% and durable consumer goods by 1.2%. In the EU, production of non-durable consumer goods rose by 2.0%, intermediate goods by 1.1% and energy by 1.0%, while production of durable consumer goods fell by 0.3% and capital goods by 0.4%.

In the euro area in March 2021, compared with March 2020, production of durable consumer goods rose by 34.4%, capital goods by 16.1%, intermediate goods by 13.3%, energy by 3.3% and non durable consumer goods by 0.7%. In the EU, production of durable consumer goods rose by 34.4%, capital goods by 15.9%, intermediate goods by 13.4%, energy by 2.7% and non-durable consumer goods by 1.1%.

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