The April industrial production in the eurozone rose as expected, a sign that eurozone’s recovery has continued into the second quarter.
The European Union’s official statistics agency said on Wednesday the eurozone’s industrial output rose by 0.5 percent from March, and 1.4 percent from April 2016.
The monthly increase is mainly due to production of energy rising by 4.7 percent, durable consumer goods by 0.6 percent, while production of capital goods fell by 0.7 percent.
Analysts said it’s a sign that eurozone’s more rapid recovery has continued into the second quarter.
The eurozone’s economy rose by 0.6 percent during the first quarter of 2017, outpacing the United States, Britain and Japan. Enditem