Eurozone industrial production avoids contraction in April

Industrial production in the Eurozone has fallen more slightly than expected in April, falling from 0.9 per cent growth (revised from 1.0 per cent) to 0.4 per cent. Analysts had expected production to contract by 0.2 per cent.

This brings the total industrial sector crunch to 0.6 per cent for the year to April, better than the 1.2 per cent decline anticipated.