View more on these topics

Eurozone industry slumps

Industrial production in the eurozone fell 18.4% year-on-year in February.

Industrial production in the eurozone fell 18.4% year-on-year in February, according to estimates from Eurostat, the statistical office of the European communities.

Large falls in consumer durable goods (down 22.1% over the year) and intermediate goods (down 24.2%) were largely responsible for the decline, which is the largest since records began in 1990. Energy production fell 3.6%.

The annual fall was marginally less in the 27-nation European Union (EU27), where industrial production fell 17.5%.

Compared with January, industrial production fell 2.3% in the eurozone and was down 1.9% in the EU27. Among the larger member states, Germany saw one of the biggest declines (down 3.2%), while British industrial production fell 1.2%.

Related Articles:
Eurozone industrial new orders fall


Marginal risks pay off in first quarter

Certain riskier areas of the markets demonstrated an improvement in performance in the first quarter of 2009, according to a funds report from Morningstar. These areas include some emerging markets, small and mid-caps and high-yield bonds.The group said there had been no return to the “freewheeling mentality” of before the credit crunch, but that investors […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment