BRUSSELS: A sharp rebound in eurozone industrial output for June is another pointer that the single currency bloc is finally edging out of a record 18-month recession, official data showed yesterday.
Industrial production in the 17-nation eurozone jumped 0.7 percent from the level in May when it fell 0.2 percent, bolstering hopes that overall economic growth figures due today will show a long-awaited switch out of recession.
Compared with industrial output in June 2012, the eurozone gained 0.3 percent, the Eurostat statistics agency said. The figures are the latest to suggest the eurozone is turning the corner, with retail sales, business and consumer confidence and now industrial output all encouraging after months in the doldrums. AFP
