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Euro zone industrial production below expectations in March

Published 12/05/2021, 10:14
Updated 12/05/2021, 10:15
© Reuters. FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

© Reuters. FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

BRUSSELS (Reuters) - Euro zone industrial production rose much less than expected in March, with month-on-month growth held back by a slump in the output of capital and durable consumer goods, data showed on Wednesday.

© Reuters. FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

The European Union's statistics office Eurostat said industrial output in the 19 countries sharing the euro rose 0.1% month-on-month for a 10.9% year-on-year surge.

Economists polled by Reuters had expected a 0.7% monthly rise and a 11.6% annual gain.

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