Economic Buzz: Eurozone industrial production declines for first time in four months

Eurozone industrial production declined for the first time in four months in April as the positive momentum from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent. All components of the industrial production declined from the previous month. On a yearly basis, industrial output growth slowed sharply to 0.8 percent from 3.7 percent in March.

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