European factories ramped up their output of consumer durable goods in June, official data showed Tuesday, and economists said the news signaled an end to the recession that has made the Continent the laggard of the world economy.
Industrial production in the 17-nation currency zone rose 0.7 percent in June from May, Eurostat, the statistical agency of the European Union, reported from Luxembourg. The agency also revised down the size of the decline in May to 0.2 percent, from 0.3 percent.
On Wednesday, Eurostat is scheduled to release its first estimate of second-quarter gross domestic product, and expectations for good news were supported by the results of a survey that showed growing confidence in Germany.
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