Euro Zone Kicked Off the Second Quarter With Industrial Weakness
- 0.1% drop in April leaves economy leaning on services to grow
- Intermediate goods drove decline, while other categories rose
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Euro-zone industrial production unexpectedly fell at the start of the second quarter, casting a shadow over the economy’s pickup this year from its poor performance in 2023.
Output fell 0.1% in April from the previous month, which was revised lower to a 0.5% gain, Eurostat said in Luxembourg on Thursday. Economists expected a 0.2% increase, according to the median of 29 estimates.