Tuesday, August 13 11:13:13
Output at euro zone factories rose broadly in line with expectations in June, driven by a jump in durable goods production, reinforcing expectations the bloc was on track to exit recession in the second half of the year.
Industrial production in the 17 countries using the euro was up 0.7 percent in June from May, data from the EU's statistics office Eurostat showed today, slightly below analysts' expectations for a 0.8 percent increase.
The June growth was strongly driven by production of durable goods, such as cars, computers or electronics products, which rose by 4.9 percent on the month, its strongest growth since July 2011.
Compared with the same period last year, industrial production rose by 0.3 percent in June after a 1.3 percent decline in May.
Eurostat revised May's drop to -0.2 percent on the month, from a previous -0.3 percent.
Industrial production in Europe's strongest economy Germany rose by 2.5 percent on the month in June, showing the fastest rise in almost two years.