Eurozone industrial output growth eases in March

By Tuba Ongun

Eurozone's industrial production growth lost momentum compared to a month ago in March, according to data released on Wednesday.

Industrial output in the euro area rose 0.6% from a month ago in March, easing from February's upwardly revised 1% hike, Eurostat data showed.

Production climbed by 1% for capital goods while it fell by 2.7% for non-durable consumer goods, 1.1% for durable goods, 0.9% for energy, and 0.5% for intermediate goods.

In the EU, industrial production grew 0.2% in March after a 0.9% monthly increase in February.

On an annual basis, industrial production fell 1.0% in both the euro area and the EU.