Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Democratic Republic of Congo: Inside Camp Garlic, a stronghold of ADF militia

Read more

IN THE PAPERS

Rousseff defends her track record

Read more

IN THE PAPERS

More debates on the economy, not on the burkini

Read more

BUSINESS DAILY

Apple set to face record tax penalty from EU

Read more

MEDIAWATCH

Weiner strikes again

Read more

THE DEBATE

Colombia's Path to Peace: Can historic deal with FARC rebels work? (part 1)

Read more

THE DEBATE

Colombia's Path to Peace: Can historic deal with FARC rebels work? (part 2)

Read more

FOCUS

The rise of political tourism in the Middle East

Read more

ENCORE!

Music show: Video Music Awards, Rock en Seine and Puppa Lek Sen

Read more

Europe

Industrial output plunges

Latest update : 2009-04-16

Industrial production in the eurozone dropped 2.3 percent in February according to data released Thursday, as the economic contraction in the 16-nation region showed no sign of letting up.

AFP - Industrial production in the 16 euro countries fell 2.3 percent in February on a monthly basis, bringing the drop over 12 months to a record 18.4 percent, according to the Eurostat data agency on Thursday.
  
With the eurozone mired in recession, the industrial slump showed no sign of letting up in February after factory and refinery output fell in January 2.4 percent over one month and 16.0 percent over one year.
  
Economists had forecast that output fell 2.3 percent in February over one month and 17.5 percent over one year.
  
The February drop was driven by a 4.3-percent slump in the production of durable goods such as cars, followed by a 3.0-percent drop in capital goods such as machinery used to make other products.
  
In the 27-nation European Union, industrial production fell 1.9 percent in February, bringing the fall over 12 months to 18.4 percent.

Date created : 2009-04-16

COMMENT(S)