Eurozone industrial production better than expected with impressive 39.9 percent annual growth

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Industrial production in the euro area increased more than expected in April. This was shown on Monday by statistics office Eurostat.

Production, adjusted for seasonality, increased by 0.8 percent in April compared to march, with 0.3 percent growth expected in advance.

In March, monthly production grew by 0.1 percent. Compared to a year earlier, industrial production even increased by 39.3 percent in April. An increase of 37.4 percent was predicted here.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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