Economic Buzz: Eurozone Industrial Production Dips In April

Eurozone industrial production fell 0.9 percent month-over-month in April, reversing a 0.6 percent increase in March, which revised up from 0.5 percent, data from Eurostat showed Wednesday. Among components, energy production declined the most by 5.0 percent annually in April, followed by durable consumer goods with 2.2 percent drop. Meanwhile, output of capital goods registered an increase of 1.9 percent. On a yearly basis, industrial production growth eased to 1.7 percent in April from 3.2 percent in the previous month. The March figure was revised up from 3.0 percent.