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Euro zone industrial production rises 0.8% in April

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Investing.com -

Investing.com - Industrial production in the euro zone rose more than expected in April, easing concerns over the outlook for economic growth in the single currency bloc, official data showed on Thursday.

In a report, Eurostat, the European statistics agency said industrial production increased by a seasonally adjusted 0.8% in April, above forecasts for a 0.4% gain.

Industrial production in March was revised down to a decline of 0.4% from a previously reported drop of 0.3%.

Year-on-year, industrial production rose at an annualized rate of 1.4% in April from a year earlier, beating expectations for a 0.9% gain and after rising at a rate of 0.2% in the preceding month.

Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD easing down 0.02% to trade at 1.3528.

Meanwhile, European stock markets were mixed. The Euro Stoxx 50 picked up 0.1%, France's CAC 40 tacked on 0.2%, Germany's DAXadvanced 0.1%, while London's FTSE 100 dipped 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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