Eurozone Industrial Production rises 0.2% MoM in May vs. 0.3% expected

Eurozone Industrial Production increased less than expected in May, the official data showed on Thursday, suggesting that the manufacturing sector recovery is losing momentum.

Eurozone’s Industrial Output rose 0.2% MoM, the Eurostats said in its latest publication, vs. 0.3% expected and 1.0% previous reading.