The statistics, which were published today by Eurostat, were better than analyst’s expectations. As it became known, the volume of industrial production in the eurozone in April increased by 0.8% compared to the March value of this indicator. In annual terms, the growth was 39.3%. At the same time, analysts who took part in the survey of the portal DailyFX assumed an increase in indicators by 0.4% and 37.4%, respectively.
Eurostat also published statistics on the European Union. The volume of industrial production in the EU increased by 0.5% compared to the previous month, and by 38.7% compared to April 2020. In the reporting month, the production of goods intended for short-term use decreased.
At the same time, the output of durable goods, on the contrary, increased. The fuel and energy sector showed an increase in production in April. In the euro area, it grew by 3.2%, and in the European Union — by 2.9%.
The leaders in the growth rate of industrial production were Belgium, Malta, and Estonia. The highest rates of decline were observed in Denmark, Hungary, and Lithuania.