Industrial output decline by 0.2% in Euro zone

Industrial output decline by 0.2% in Euro zone

As per the data published by EU statistics institution Eurostat, industrial output in 25 member states of European Union (EU) decreased by 0.2% month-on-month in March 2004, but increased by 1.4% year-on-year. In March 2004, Euro zone's industrial output also dropped by 0.2% compared to February 2004, but surged by 1% against March 2003. Energy sector increased by 3.1% in the Euro zone and by 1.2% in EU in March when compared with the same period of last year and non-durable consumer goods rose by 1.3% in both zones. Durable consumer goods soared by 0.9% in the Euro zone and by 2.8% in EU while capital goods rose by 0.4% and 1.4% respectively. Intermediate goods also increased by 0.4% in Euro zone and by 1.3% in EU. In the aforementioned period, the highest annual increases were registered in Poland with 18.2%, Lithuania with 15.9%, Latvia with 12.3%, the Czech Republic and Hungary with 10.1% for both. Countries which showed decline in industrial output are; UK with 0.8%, Italy with 0.6%, Finland with 0.4% and Germany with 0.3%.