Eurozone’s industrial production climbs 1.1% in April
Eurostat released its industrial production data for the Eurozone on Tuesday. Industrial production in the Eurozone climbed 1.1% in April, exceeding expectations for a 0.8% gain, after a 0.7% drop in March. March's figure was revised up from a 0.8% decrease.
Non-durable consumer goods output jumped 1.6% in April, capital goods output increased 1.9%, while energy output rose 0.3%.
Intermediate goods output was up 0.4% in April, while durable consumer goods rose 2.3%.
On a yearly basis, Eurozone's industrial production rise 2.0% in April, beating expectations for a 1.4% rise, after a 0.2% increase in March.
Durable consumer goods climbed by 1.5% in April from a year ago, capital goods rose by 3.8%, non-durable consumer goods were up by 0.4%, while intermediate goods output increased by 1.5%.
Energy output rose by 1.3% in April from a year ago.