Euro zone industrial production slumped in April, showing a sharply-accelerating contraction compared to March, official figures showed.
Output fell by 0.8% after a less than initially thought 0.1% drop the previous month, according to the Eurostat data agency.
The production of capital goods fell by 2.6%, with the largest drops across the board logged in industrial powerhouses Poland (6.5%) and Germany (2%).
While the fall was "not quite as big as we or the consensus had feared," according to London-based analysts Capital Economics, "it was still the seventh fall in the last eight months and left production some 2.3% lower than a year ago."
The firm said the figures served as "another reminder that more bail-outs for governments and support packages for banks will do little to address the fundamental macro-economic challenges facing the currency union."
While the fall was "not quite as big as we or the consensus had feared," according to London-based analysts Capital Economics, "it was still the seventh fall in the last eight months and left production some 2.3% lower than a year ago."
The firm said the figures served as "another reminder that more bail-outs for governments and support packages for banks will do little to address the fundamental macro-economic challenges facing the currency union."
