India, July 15 -- Eurozone industrial production recovered in May, underpinned by strong rebound in non-durable consumer goods output, data from Eurostat showed on Tuesday.
Industrial output grew at a faster-than-expected pace of 1.7 percent on a monthly basis in May, in contrast to the 2.2 percent decrease in April. Economists had forecast a 0.6 percent rise.
Within main industrial grouping, production of non-durable consumer goods surged 8.5 percent. Output of capital goods and energy gained 2.7 percent and 3.7 percent, respectively.
Meanwhile, intermediate goods output fell 1.7 percent and durable consumer goods output eased 1.9 percent.
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On a yearly...