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
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.