Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Seven African countries' economies at risk over Brexit decision

Read more

THE DEBATE

Britain votes out: What next?

Read more

#TECH 24

The 'fintech' revolution

Read more

FRANCE IN FOCUS

A certified 'palace': How hotels strive for excellence

Read more

#THE 51%

In her own image: Women in Art

Read more

REPORTERS

World War I: When northern France was on German time

Read more

REVISITED

Video: Ugandan city still scarred by Lord's Resistance Army atrocities

Read more

MEDIAWATCH

#Brexit sparks a storm on social media

Read more

BUSINESS DAILY

Markets, pound plunge on Brexit vote

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)