Mexican Media Brands
Eurozone Factory Output Shrinks Again
Industrial production in the 19-country eurozone shrank 0.8% in March, following a 1.2% decline in February, Eurostat reports.
#economics
Share
Industrial production in the 19-country eurozone shrank 0.8% in March, following a 1.2% decline in February, Eurostat reports.
The back-to-back contractions erase most of January’s 2.4% expansion and may prompt the EU’s statistics agency on Friday to downwardly adjust its first-quarter growth estimate. Eurostat previous predicted 0.6% growth for the period.
The agency notes that economic shrinkage in March touched all major sectors except energy. Last year the eurozone’s economy expanded by 1.5%.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future