Eurozone Industrial Production improves by 0.8% in March vs. 0.4% expected

Eurozone’s Industrial Production in Germany showed a bigger-than-expected rise in April, the official data published by Eurostat showed on Monday, suggesting that the recovery in the manufacturing sector is gradually picking up.

The industrial output in the bloc arrived at 0.8% MoM vs. a 0.4% rise expected and 0.4% last.

On an annualized basis, the industrial output jumped by a whopping 39.3% in April versus a 37.4% increase expected and March’s 11.5%.

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