Eurozone Industrial Output Growth Tops Expectations – Eurozone Industrial Output

Eurozone Industrial Output Eurozone Industrial Output Eurozone Industrial Output Eurozone Industrial Output 

Eurozone Industrial Output Growth Tops Expectations

Eurozone Industrial Output Eurozone industrial production growth improved more than expected in May, data from Eurostat showed Wednesday.

Industrial output grew 1.3 percent on a monthly basis, faster than the revised 0.3 percent increase seen in April.

This was the fastest growth since November 2016, when output grew 1.6 percent. Output was forecast to gain 1 percent in May.

Production of capital goods and durable consumer goods grew 2.3 percent and 1.8 percent, respectively. Non-durable consumer goods output rose 1.2 percent.

At the same time, output of intermediate goods climbed 0.3 percent and energy by 0.9 percent.

On a yearly basis, industrial production growth accelerated to 4 percent in May from 1.2 percent in April. Economists had forecast 3.5 percent increase in production.
Source: RTT