Home News EU INDUSTRIAL PRODUCTION DECLINES IN MARCH 2023

EU INDUSTRIAL PRODUCTION DECLINES IN MARCH 2023

May 16, 2023
industrial produciton

EU industrial production declines, according to estimates from Eurostat, the statistical office of the European Union.

The data shows industrial production experienced a decline in March 2023 compared to the previous month and the same period in the previous year.

In March 2023, seasonally adjusted industrial production decreased by 4.1% in the euro area and by 3.6% in the EU, when compared to February 2023.

This decline follows a positive growth of 1.5% in the euro area and 1.4% in the EU during February 2023.

Furthermore, in March 2023 compared to March 2022, industrial production decreased by 1.4% in the euro area and by 1.3% in the EU.