Falls in industrial production across the eurozone and the European Union (EU) in March are likely to fuel concerns over economic recovery in the region. Seasonally-adjusted data from Eurostat, the EU’s statistical office based in Luxembourg, showed that production fell 0.3% in March throughout the eurozone, which is comprised of 17 nations, after a rise of 0.8% in the previous month. Eurostat figures also showed that industrial output fell by 0.4% across the 27 countries of the EU, having risen by the same figure in February. Year-on-year the data paints an even bleaker picture, with industrial production in the eurozone down 2.2% in March 2012 compared with the same month last year, and declining by 1.9% in the EU. Encouragingly, when comparing March this year with the previous month capital goods’ production saw an increase of 1.1% and 0.9% in the eurozone and EU respectively.