Eurozone Industrial Production Rises Only Slightly
The weakening of the euro didn’t help to boost exporters as much as expected, with figures revealing that industrial production in the eurozone only slightly rising in April.
The statistics which were released by the European Union today, show that production was 0.1% higher for factories, mines and utilities whilst also being 0.8% higher than April of last year.
So what do these figures mean? In short, the statistics show that the depreciation in the Euro has not made as much difference to a rise production as originally hoped. All this means that the eurozone economy will only grow by around 0.3% this quarter of 2015. Of course, this is just an estimation. We shall wait and see when the facts and figures are released.