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Published: 2023-05-15
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: Euro Zone Industrial Output Plunges, Ireland Leads Decline
Meta Description: Discover the latest on Euro zone industrial production falling in March, with Ireland's significant plunge impacting the figures. Read more here!
URL: https://brandsjournal.com/17449-2/

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## Euro zone industry output falls sharply, with Ireland plunge   BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures from Ireland, which are typically volatile.    The European Union’s statistics office [Eurostat](https://brandsjournal.com/euro-zone-producer-prices-drop-for-seventh-month-in-july/) said on Monday that industrial production in the 20 countries sharing the euro fell by 4.1% month-on-month in March for a 1.4% year-on-year decline.    Economists polled by Reuters had expected a 2.5% monthly decrease and a 0.9% year-on-year gain.    Industrial production in Ireland fell 26.3% in the [month](https://brandsjournal.com/uk-retail-sales-rise-by-0-8-in-october-ons/) and by 26.1% from a year earlier. [Eurostat](https://brandsjournal.com/euro-zone-producer-prices-drop-for-seventh-month-in-july/) noted that Ireland’s Central Statistics Office was reviewing its methodology for calculating the seasonal adjustment for industrial output.    Eurostat said the output of capital goods – goods such as buildings and equipment used to make products and provide services – fell by 15.4% on the month. Year-on-year, the decline was 2.1%.    All other components of industrial production declined, except that of durable consumers goods, which roes 2.8% in the month, although was down 0.8% from a year earlier.    For Eurostat release, click on:    http://ec.europa.eu/eurostat/news/news-releases        (Reporting by Philip Blenkinsop)


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