Decrease of Eurozone economy
The industrial production in the Eurozone has a higher delay than expected in March. That happens most probably because of the high productional level of energy products, which was not able to compensate weaker production of other sectors.The fabric production had decreased with 0.2% on monthly base and the yearly base the increase is 2.0%. Just in comparison with February, when the increase on monthly base was 0.3% and on yearly base the growing of the sector was revised 3.1% on yearly base. The expectings for March, were for decreasing, just a little less than the real data.
The data is signing, that may be the industrial sector in the Eurozone became to feel the influence of delay in the world economy and the force of EUR. In spite of everything, this will not change the current possition of European central Bank, which is keeping the basic interest level of 4.0% for next months due to the high inflation in the region.
On monthly base the data is showing increase of energy production with 2.7% in March, after the increase of 1.4% for the previous month. On that base production of basic goods for industry, users and short term goods was decreased. All the data is from the official statistic agency of the Eurozone - Eurostat.
Labels: Financial News
posted by Zoritza Petrova @ 10:10 PM
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