Eurozone Industrial Production drops 1.8% MoM in March, beats estimates

Eurozone’s Industrial Production fell less than expected in March, the official data published by Eurostat showed on Friday, suggesting that a slowdown in manufacturing sector activity.

The industrial output in the bloc arrived at -1.8% MoM vs. a 2.0% drop expected and 0.5% last.

On an annualized basis, the industrial output dropped by 0.8% in March versus a -1.0% decline expected and February’s 1.7%.