Euro zone industrial production falls in April

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© Reuters. FILE PHOTO: Welding robots are seen in a production line at the Volkswagen plant in Emden© Reuters. FILE PHOTO: Welding robots are seen in a production line at the Volkswagen plant in Emden

BRUSSELS (Reuters) – Industrial production in the 19 countries sharing the euro currency fell in April, European statistics office Eurostat said on Wednesday, adding further evidence of a slowing economy across the bloc.

Factory output decreased 0.9 percent in the euro zone compared to last month, as the production of energy, durable and non-durable goods as well as intermediate goods fell in the month.

Only the production of capital goods, such as machinery, rose in April.

The falling industrial production numbers add to a string of data pointing to a cooling off of the euro zone economy and to the conundrum facing the European Central Bank on how to exit a large stimulus package aimed at boosting inflation.

Retail sales were lower in April, while forward-looking indicators such as economic sentiment also showed a fall last month.

In a separate release, euro zone employment increased by 0.4 percent in the first quarter compared to the final quarter of 2017.

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