Euro-Area Industrial Production Unexpectedly Gains on France
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Euro-area industrial output unexpectedly increased in April, led by France, adding to signs the currency bloc’s economy is beginning to emerge from a record-long recession.
Factory production in the 17-nation euro area rose 0.4 percent from March, when it increased a revised 0.9 percent, the European Union’s statistics office in Luxembourg said today. The median forecast in a Bloomberg News survey of 36 economists was for stagnation. Production fell 0.6 percent from April 2012.