German output hit hard; euro-zone production contracts in March

13 May 2022

 

Summary: Euro-zone industrial production down 0.7% in March; slightly worse than expected; annual growth rate reverses, down 0.8%; contracts in all but one of euro-zone’s four largest economies. Following a recession in 2009/2010 and the debt-crisis which flowed from it, euro-zone industrial production recovered and then reached a peak four years later in 2016. Growth rates then fluctuated for two years before beginning a steady and persistent slowdown from the...

read full story