Eurozone output rises 0.7% in May

Eurozone industrial output rose 0.7 per cent in May, according to the EU statistics office Eurostat.

Eurozone industrial output rose 0.7 per cent in May, according to the EU statistics office Eurostat.

This was up 3.9 per cent year-on-year, Eurostat said.

Month-on-month, the capital goods sector posted a rise of 1.3 per cent, energy output was up 0.8 per cent, non-durable consumer goods were 0.7 per cent higher, intermediate goods increased 0.3 per cent, and durable consumer goods were flat.

Year-on-year, capital goods output was up 5.6 per cent, energy was 4.2 per cent higher, durable consumer goods rose 3.9 per cent, intermediate goods were up 3.7 per cent, and non-durable consumer goods increased 2.8 per cent.