Home » Economy, Europe, Financial Crisis, Statistics / Polls » UK, Italy industrial output has fallen in March


UK, Italy industrial output has fallen in March

 
 
 
 
submit to reddit

361960 EU industrial output

Newly-released data show the industrial output in the UK and Italy, the second and the fourth largest European economies respectively, has fallen in March.

The UK’s Office for National Statistics said on Friday that Britain’s industrial output declined by 0.1 percent for the month.

The figure is considered a major drawback since the country saw a 0.8 percent growth in the previous month.

This is while data from Italy’s national statistics institute, Istat, showed the country’s industrial production fell by 0.5 percent in March.

In February, Italy’s industrial output was slightly better, as it declined 0.4 percent.

The March figure was weaker than expected as economists had forecast a 0.3 percent gain.

In the fourth quarter of 2013, Italy’s gross domestic product (GDP) edged up 0.1 percent, making it the first increase after two years of recession.

Italy’s industrial output has fallen by around 25 percent over the past five years, pushing up the unemployment rate to 12.7 percent.

Europe is struggling with an economic crisis that erupted in early 2008, leaving millions unemployed and in financial distress.

The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered massive protests in many European countries.

Source

Please wait...


RELATED ARTICLES

Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

Conversation Guidelines

Starting a conversation on our website is very easy, all you need to do is to write your name, email and the comment itself. No account is required to leave a comment. Your email won't be used for any purpose whatsoever, if you want, you can even write a fictitious email. Please keep it civil, try to refrain from slurs and insults. We offer Free Speech rights to our comment section but please take note that the comment section is moderated so certain comments may be held for moderation in case they triggered our automatic filters. If your comment is on hold for moderation and you can't see it anywhere there is no need to repost it. Don't worry, it doesn't mean it won't get approved. Please patiently wait and check back later.



Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.