Euro zone industrial output rises more than expected in May

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Euro zone industrial output rises more than expected in MayEuro zone industrial production rose more than expected in May, data released on Friday showed, offsetting declines in the past two months and defying gloomy forecasts caused by prolonged trade tensions. The positive reading could undermine European Central Bank policymakers who favour more stimulus to counter weak growth and low inflation in the euro zone, although economists warn the improvement may only be temporary. The EU statistics agency Eurostat said euro zone factory output increased by 0.9% in May on the month, above market consensus expectations of a 0.2% rise.

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