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Eurozone industrial output rises
Industrial production in the Eurozone rose 0.9 per cent month-on-month in May and 9.4 per cent on May 2009. The expansion was broad-based with healthy monthly production gains in all sectors. It was up three per cent in the three months to May compared to the quarter to February. Even flat output in June (which seems unlikely) would result in a 2.5 per cent gain quarter-on-quarter in the second quarter, said IHS Global Insight’s Howard Archer.