- Analytics
- News and Tools
- Market News
- Eurozone industrial production down by 17.1% in April 2020
Eurozone industrial production down by 17.1% in April 2020
According to the report from Eurostat, in April 2020, the COVID-19 containment measures widely introduced by Member States continued to have a significant impact on industrial production. The seasonally adjusted industrial production fell by 17.1% in the euro area and by 17.3% in the EU, compared with March 2020. These are the largest monthly falls recorded since the start of the series, significantly higher than the 3% to 4% drops seen in late 2008 and early 2009 during the financial crisis.
In April 2020 compared with April 2019, industrial production decreased by 28.0% in the euro area and by 27.2% in the EU. These are the largest annual falls recorded since the start of the series, exceeding the -21.3% in the euro area and -20.7% in the EU observed in April 2009. Overall, industrial production in the euro area and EU has fallen to levels last seen in the mid-1990s.
In the euro area in April 2020, compared with March 2020, production of durable consumer goods fell by 28.9%, capital goods by 26.6%, intermediate goods by 15.6%, non-durable consumer goods by 11.9% and energy by 4.8%. In the EU, production of durable consumer goods fell by 27.8%, capital goods by 27.3%, intermediate goods by 14.9%, non-durable consumer goods by 10.7% and energy by 5.0%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
