Friday, August 1, 2014   

Eurozone factory output down in March
(05-14 17:05)

Eurozone industrial output fell in March, official data showed on Wednesday, consistent with recent data showing the economic recovery to be patchy so far.
Industrial output in the 18-nation eurozone dropped 0.3 percent in March compared with the figure for February when it gained 0.2 percent, the Eurostat statistics agency said.
Compared with March 2013, eurozone industrial output was down 0.1 percent, after posting a year-on-year gain of 1.7 percent in February.
In the full 28-member European Union, March industrial output was down 0.2 percent compared with February but was up 0.5 percent on a year-on-year basis.
The indicator is volatile but remains an important pointer to the overall health of the economy which escaped a record recession in second quarter 2013.
Since then, the economy has continued to make ground slowly, with analysts looking to first quarter growth figures due Thursday to confirm the upward trend. --AFP
   
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