Economy
22:49 14 June 2021
Post by: WBJ

Good data coming from eurozone industry

Good data coming from eurozone industry
Source: Photo by Jezael Melgoza on Unsplash

Industrial production in the euro area increased by 0.8 percent m/m in April after an increase of 0.4 percent in March. On average, it was forecast to increase by 0.3 percent. On an annual basis, the production increased by as much as 39.3 percent, but this was an increase calculated from a low base, i.e. from the covid lockdown period.

The highest increase was recorded in Italy (79.5 percent y/y), and the lowest in Denmark (3.1 percent y/y). In Poland, which is not part of the euro area, in April, according to Eurostat, industrial production increased by 45.2 percent y/y, but counting by monthly basis it fell by 0.7 percent.

“This is an encouraging sign of the economic recovery that has accompanied the increase in vaccination rates and the easing of restrictions. We expect the euro zone's GDP to grow by 4.3 percent in 2021,” Josie Dent, an economist at the CEBR think-tank, said.

Analysts, however, point out that in the coming months, the recovery in European industry may be hampered by disruptions in supply chains, such as shortages in the microprocessor market.

(Rzeczpospolita


poland
industrial production
eurostat
eurozone

More News

lifestyle

LifeStyle
15 hours ago

NENT Group announces first Polish Viaplay Originals

LifeStyle
14 days ago

'I am afraid of the fourth wave of the pandemic and I would not like to repeat the scenario we know about': Tomasz Kammel

LifeStyle
26 days ago

‘I can't wait to get to know my competitors in the Miss World competition in person’: Karolina Bielawska

LifeStyle
1 month ago

Women of Business for mothers of terminally ill children

Book of Lists

Book of Lists
7 months ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
1 year ago

25th jubilee edition of Book of Lists – project start

advertisement