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As on: Oct 18, 2019 10:26 AM
Economic Buzz: Eurozone Industrial Production Rebounds In May
12-Jul-19   15:00 Hrs IST
Eurozone industrial production grew 0.9 percent month-on-month in May after declining 0.4 percent in April, largely driven by consumer goods output, figures from Eurostat revealed Friday. This was the first increase in four months. Production was forecast to grow 0.2 percent. Durable and non-durable consumer goods output advanced 2.3 percent and 2.7 percent, respectively. Output of capital goods gained 1.3 percent and that of energy was up 0.7 percent. Meanwhile, production of intermediate goods dropped 0.2 percent. On a yearly basis, industrial production declined 0.5 percent, following a 0.4 percent drop in April.

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