Industrial production in the 16-member euro area exceeded economists’ forecasts in April. Output advanced 0.8 percent from March, when it rose by a revised 1.5 percent, while figures topped expectations for a 0.5 percent rise. At the same time, production jumped an annualized 9.5 percent after climbing an upward revision of 7.7 percent in March.
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[Source: DailyFX Forex Market News]
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