BRUSSELS- Euro zone industrial output fell the most on record in April as coronavirus lockdowns halted activity across the region, data showed on Friday, marking the low point of the pandemic-induced contraction.
The European Union’s statistics office, Eurostat, said industrial output in the 19 countries sharing the euro fell 17.1 percent month-on-month for a 28.0 percent year-on-year drop, the steepest declines since records began in 1991.
Economists polled by Reuters had expected a 20.0 percent monthly and 29.5 percent annual decline.
