FXstreet.com (Barcelona) - Industrial production rose at a surprisingly fast pace in the European Monetary Union in April, fuelled mainly by capital goods and durable goods, according to figures released by Eurostat.
From March to April, industrial production increased 0.9% in the EA 15, instead of the 0.1% increase forecasted by the analysts. Year on year, industrial production rose 3.9%, well above the 2.9% advanced by market analysts.
The largest contributors to the monthly increase have been consumer goods, 1.7% up o the month from a 1.6% decline in March, capital goods, 2.0% up in April after a 1.6% drop in March. The year on year rise was also contributed by durable and capital goods 1.0 and 7.5% up respectively, plus energy, 5.8% up on the year, and intermediate goods, 2.3% up from April 2007.