Eurozone's industrial output slid in April

Source: BBC
Industrial production in the single currency union dropped by 0.8% in April, according to Eurostat. The fall was not as severe as 1% decline expected.  However, April's industrial output indicated that the Eurozone may fall into recession despite avoiding it in Q1, said Jonathan Loynes, chief European economist.  After the data release, the Euro remained higher against its US counterpart, with EUR/USD trading at 1.2525, appreciating by 0.17%.

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Wed, 13 Jun 2012 13:47:44 GMT

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