Eurozone recovery to continue at subdued pace

The weak industrial output data from the eurozone and its main economies is highlighting the sluggish nature of the economic recovery in the region.

The eurozone economy has grown at a very modest pace since emerging from an 18-month long recession back in the second quarter of 2013. GDP grew by just 0.2% in the first quarter of this year.

The breakdown of the first quarter GDP report shows very subdued growth in all the main components of demand-household spending, government, investment and exports. No sector of the economy is performing well.