Berlin - European industrial production plunged by an annual 18.4 per cent in February, according to data released Thursday, amid dwindling inflationary pressures and signs that the global recession has tightened its grip on the region's economy.
The European Union's statistics office, Eurostat, said the sharp fall in industrial production in the 16-member eurozone followed a 2.3 per cent drop in February compared with January.
However, the month-on-month February fall was less than the 2.7 per cent drop predicted by economists.