Eurozone Industrial Production Grew Better Than Expected in April

Today’s data showed that industrial production for the Eurozone exceeded expectations in April thanks to a more than doubled production of durable consumer goods compared to the previous year after economies reopened steadily.

The European Union statistics office Eurostat said industrial production in the 19-country Eurozone rose 0.8% month-on-month and 39.3% year-on-year.

Economists polled by Reuters had forecast an increase of 0.4% on a monthly basis and a jump of 37.4% on an annual basis.