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Eurozone industrial production up by 0.8 pct in April

English.news.cn   2014-06-12 19:17:22

BRUSSELS, June 12 (Xinhua) --The eurozone's seasonally adjusted industrial production rose 0.8 percent in April from March, the European Union's (EU) statistical office Eurostat said Thursday.

Meanwhile, the 28-member EU's seasonally adjusted industrial production grew by 0.7 percent on a monthly basis.

In March, the eurozone and EU's industrial production fell by 0.4 percent and 0.3 percent respectively.

On an annual basis, industrial production grew by 1.4 percent in the eurozone and 2.1 percent in the EU compared with April 2013.

The increase in the euroarea in April is due to the rising production of energy by 2.5 percent, non-durable consumer goods by 2.1 percent and intermediate goods by 0.6 percent, while durable consumer goods and capital goods remained almost stable.

Among EU members, the largest increases were registered in Portugal at 6.7 percent and Lithuania at 4.9 percent, while the highest decrease was in Croatia at 2.9 percent.

Olli Rehn, vice-president of the European Commission responsible for economic and monetary affairs and the euro, has said earlier this week, " The European economic recovery is gathering speed while the pace of fiscal consolidation is slowing down, in line with the EU's reinforced fiscal framework."

Nonetheless, he insisted "the budgetary constraints will remain."

Editor: Fu Peng
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