Euro-Region Industrial Production Unexpectedly Rebounds: Economy

Euro-area industrial production unexpectedly rebounded in May as growth in Germany, Europe’s largest economy, more than offset a decline in France.

Output in the 17-nation euro area rose 0.6 percent from April, when it fell 1.1 percent, the European Union’s statistics office in Luxembourg said today. Economists projected output to stagnate, the median of 29 estimates in a Bloomberg News survey showed. From a year earlier, production fell 2.8 percent after decreasing 2.4 percent in April.