Surge in industrial production in Ireland leads to eurozone upswing

No other nation was even close to matching the Irish increase of 21.5%.

Large multinationals have a distortive effect on Irish economic data.

Eurozone industrial production rebounded more than expected in April after a slump in March, as a surge in the output of capital goods such as buildings and equipment offset reduced production of consumer goods.

Industrial production in the 20 countries sharing the euro rose 1% month-on-month in April for a 0.2% year-on-year rise, the European Union's statistics office Eurostat said. Economists polled by Reuters had expected 0.8% monthly and annual increases.