Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Stars join call to #FreeCyntoiaBrown

Read more

EYE ON AFRICA

Emmerson Mnangagwa to be sworn in as President on Friday

Read more

THE DEBATE

Hard bargaining: Lebanon prime minister returns and suspends resignation

Read more

THE INTERVIEW

Keepers of the flame: Native American communities seeking to protect their cultural legacy

Read more

FOCUS

Tunisians disillusioned, seven years after revolution

Read more

ACCESS ASIA

Indonesia: New orangutan species found in Sumatra

Read more

MIDDLE EAST MATTERS

Meet the 16-year-old behind the hijab emoji

Read more

ENCORE!

Film show: 'Battle of the Sexes', 'Jupiter’s Moon', 'Reinventing Marvin'

Read more

IN THE PAPERS

Robert Mugabe resigns: 'Hip Hip Harare'

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)