Eurozone Industrial Production Up 0.8% in April

Manufacturing sector has been leading the eurozone economy so far in 2010

Highlighting a 9.5% rise on a 12-month comparison, Eurozone industrial production grew by 0.8% in April from the March level, the European Union said on June 14.

The EU's data agency said the seasonally-adjusted figures showed a 0.5% monthly rise for the full 27-nation EU, which also includes non-eurozone giants Britain and eastern industrial powerhouse Poland, and a 7.8% rise on a 12-month basis.

March's output had risen by 1.3% across the 16 countries that share the euro currency, and by 1.2% throughout the euro.

"The manufacturing sector has been the leading light of the eurozone economy so far in 2010, benefiting from improved domestic and, especially, export demand as well as inventory rebuilding," said London-based IHS Insight analyst Howard Archer.

He said that the 12-month eurozone increase of 9.5% was a record leap, but noted that with the monthly rate of growth slowing, "there are hints that the sector's upturn may just be starting to flag."

Copyright Agence France-Presse, 2010

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