Euro zone industry supports ECB tapering announcement
Industrial output hits highest level in six months
More signs of continued economic strength in Europe came on Wednesday, as industrial output numbers for May rose by more than expected, boosted by a jump in capital goods and consumer durables production.
Industrial production in the euro zone rose by 1.3% in May, versus a Reuters poll of 42 economists which expected a 1.1% increase.
The rise provides some ammunition for European Central Bank policy makers who are pushing for a September announcement about stimulus tapering. However, the increase was largely driven by Germany, and policy makers will likely look for evidence of more broad-based strength.