Reported about 1 year ago
Euro-zone industrial production unexpectedly fell at the beginning of the second quarter, with a 0.1% decline in April compared to the previous month. Despite the setback, the European Commission forecasts a 0.8% expansion in 2024, double the pace of the previous year, as the economy relies more on services for recovery. While the European Central Bank's recent interest-rate cut could provide future support, policymakers are cautious about further actions, considering the inflation situation.
Source: YAHOO