Industrial production plunges in Europe

BERLIN - Industrial production in Europe plunged in May, data released Monday showed, as a result fuelling new fears about the outlook for economic growth.

By (DPA)

Published: Mon 14 Jul 2008, 5:41 PM

Last updated: Sun 5 Apr 2015, 12:49 PM

Seasonally adjusted industrial production fell month on month by 1.9 per cent in the 15-member eurozone and by 1.4 per cent in the 27- member European Union, the EU statistic office, Eurostat said.

This represented an annual 0.6 per cent in the eurozone and a year-on-year fall of 0.5 per cent in the broader-based EU.

In April production grew by 1.0 per cent in the eurozone and 0.3 per cent in the EU.

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