Eurozone industrial production rose more than expected in April

According to the report from Eurostat, in April 2021, the seasonally adjusted industrial production grew by 0.8% in the euro area and by 0.5% in the EU, compared with March 2021. Economists had expected a 0.4% increase in the euro area. In March 2021, industrial production rose by 0.4% in the euro area and by 0.8% in the EU.

In April 2021 compared with April 2020, industrial production increased by 39.3% in the euro area and by 38.7% in the EU. Economists had expected a 37.4% increase in the euro area.

In the euro area in April 2021, compared with March 2021, production of durable consumer goods rose by 3.4%, energy by 3.2%, capital goods by 1.4% and intermediate goods by 0.8%, while the production of non-durable consumer goods fell by 0.3%. In the EU, production of durable consumer goods and energy rose by 2.9%, capital goods by 0.8%, intermediate goods by 0.5%, while the production of non-durable consumer goods fell by 0.7%.

In the euro area in April 2021, compared with April 2020, production of durable consumer goods rose by 117.3%, capital goods by 65.4%, intermediate goods by 38.7%, non-durable consumer goods by 15.4% and energy by 14.4%. In the EU, production of durable consumer goods rose by 110.4%, capital goods by 67.5%, intermediate goods by 36.9%, non-durable consumer goods by 14.0% and energy by 13.8%.