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Eurozone April Industrial Output Rises Unexpectedly

Eurozone industrial production grew 0.4 percent in April from a month ago, largely due to higher output of capital goods and non-durable consumer goods, data from Eurostat revealed Wednesday.

Industrial output was forecast to remain flat after rising 0.9 percent in March.

Production of capital goods grew 2.7 percent and that of non-durable consumer goods increased 0.7 percent. Meanwhile, energy decreased 1.5 percent and durable consumer goods dropped by 2.7 percent.

Year-on-year, industrial production dropped 0.6 percent, but slower than the 1.4 percent decrease seen in March and the consensus forecast of 1.2 percent fall.

In the EU27, industrial production rose 0.3 percent from March, while it dipped 0.8 percent from the corresponding period of 2012.

Industrial production rose in ten and fell in eleven member states of EU. The highest monthly increases were registered in Ireland, France and Romania. Meanwhile, the largest decreases were seen in Finland, the Netherlands and Portugal.

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