Output at the eurozone’s mines, factories, and utilities rose at the fastest annual pace in more than five years in May, a clear indication that the area’s economic recovery is picking up.
The eurozone economy grew at the fastest rate in over two years during the first three months of 2017, outcompeting the U.S., U.K. and Japan. The European Union’s official statistics agency released output numbers, indicating Eurozone output was up 1.3% from April, and 4% from May 2016. The annual rate of increase was the fastest since August 2011, exceeding expectations. Read More