The Traderszone Network

Published in TZ Latest News 12 June, 2014 by The TZ Newswire Staff

Euro zone robust April output boosts second-quarter GDP growth hopes

Euro zone industrial output rebounded with a twice-as-strong as expected monthly rise in April thanks to energy and non-durable goods production, official data showed on Thursday, pointing to an acceleration of economic growth in the second quarter. Economists had expected 0.9 percent annual growth. “Combined with still solid confidence indicators, today‚Äôs industrial production data reinforces our view of a growth acceleration in the second quarter,” he said. The data follows strong euro zone retail sales numbers and a rebound in German industrial orders in April.