Euro Area: Industrial output dips in April

Euro Area Industrial production April 2024

Euro Area: Industrial output dips in April

Industrial output slid 0.1% month on month in seasonally adjusted terms in April (March: +0.5% mom). The result reflected a steeper decline in intermediate goods production and smaller rise in capital goods output. That said, both durable and non-durable consumer goods, as well as energy production, rebounded in April.

On an annual basis, industrial output fell 3.0% in April, which was below March’s 1.2% fall. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.8%, down from March’s minus 3.6% reading.

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