Eurozone industrial production grew less than expected in March

According to estimates from Eurostat, in March 2021, the seasonally adjusted industrial production rose by 0.1% in the euro area and by 0.6% in the EU, compared with February 2021. Economists had expected a 0.7% increase in the euro area. In February 2021, industrial production fell by 1.2% in the euro area and by 1.0% in the EU. 

In March 2021 compared with March 2020, industrial production increased by 10.9% in the euro area and by 11.0% in the EU. Economists had expected a 11.6% increase in the euro area.

In the euro area in March 2021, compared with February 2021, production of non-durable consumer goods rose by 1.9%, energy by 1.2% and intermediate goods by 0.6%, while production of capital goods fell by 1.0% and durable consumer goods by 1.2%. In the EU, production of non-durable consumer goods rose by 2.0%, intermediate goods by 1.1% and energy by 1.0%, while production of durable consumer goods fell by 0.3% and capital goods by 0.4%.

In the euro area in March 2021, compared with March 2020, production of durable consumer goods rose by 34.4%, capital goods by 16.1%, intermediate goods by 13.3%, energy by 3.3% and non durable consumer goods by 0.7%. In the EU, production of durable consumer goods rose by 34.4%, capital goods by 15.9%, intermediate goods by 13.4%, energy by 2.7% and non-durable consumer goods by 1.1%.