Industrial output in the euro zone rose by more than expected in May, aided by a spike in the production of capital goods and consumer durables, European statistics office Eurostat said today.
Compared to the previous month, industrial production in the euro area increased by 1.3% for a 4% annual increase.
This was ahead of a Reuters poll of 42 economists which had on average expected a 1.1% and 3.6% rise.
While industrial production is a trailing indicator, forward looking data are also pointing to a sustained recovery, with euro zone economic sentiment jumping to its highest level in almost 10 years in June.
Growth was strongest for capital goods, such as machinery and equipment, and durable consumer goods, such as cars and household appliances, which rose 2.3% and 1.8% respectively compared to the previous month.
Industrial production rose most sharply in Lithuania and Ireland, with France being the largest riser among the bloc's main economies.
Eurostat slightly revised down its reading for April, to growth of 0.3%from a previous estimate of 0.5%.