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Euro Area Industrial Production Strongest in 5 Months

In April, Euro Area's industrial production grew 0.8%. This beat forecast of 0.5%, and rebounded from a previous reading of -0.4%.

(Source: eurostat)


Industrial production data has been soft in 2014, and the 0.8% reading is the highest in 5 months, since the 1.4% reading 

The main component of growth came from energy rising by 2.5%, non-durable consumer goods by 2.1%, and intermediate goods by 0.6%. 

Compared to April 2013, industrial production increased 1.4% in November 2013.