Eurozone's industrial production grew at a faster than expected pace in the month of April, according to the latest data released by the European Union today.
Eurostat, the statistics agency of the European Union, said that this was reported the highest ever monthly growth in Eurozone's industrial output on yearly basis since it started to store the records in 1990.
The data from Eurostat revealed that the industrial output was reported up by 0.8% in the month of April compared to March. The figures in April beat the expectation of the economists as they were expecting a growth of 0.5% in the month of March. On the other hand, the industrial production was reported up by 9.5% compared to the same month last year. On yearly basis, the economists were anticipating a growth of 8.7% in the month of March.
The data of Eurostat showed that the production of intermediate goods and capital goods was reported up by 2.2% and 1.1% respectively in April on monthly basis. The data also revealed that the production of durable consumer goods and energy was reported down by 0.1% and 0.9% respectively in April. The production of non-durable consumer goods fell by 1.2% in April compared to March.
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