Eurozone Industrial Production rises 0.7% MoM in June

Eurozone’s Industrial Production increased more than expected in June, as Eurostat published on Friday, suggesting that the bloc’s manufacturing sector activity recovery is back on track. The industrial output in the old continent increased 0.7% MoM vs. a 0.2% rise expected and 2.1% last.

On an annualized basis, the industrial output rose by 2.4% in June versus a 0.8% rise expected and May’s 1.6%.