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Wednesday, June 12, 2013

Eurozone industrial output surprises on the upside.

Eurozone industrial production unexpectedly rose 0.4% on month in April, although growth was held back by a fall in energy and durable and consumer goods. The highest increase was in Ireland (+3%), while Finland and Holland suffered sharp declines. Although the data is "relatively encouraging," as per economists but "the eurozone manufacturing sector is not yet out of the woods."

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