Italy's seasonally adjusted industrial production increased 0.7% month over month in March, after a revised 0.2% uptick in February, statistics agency Istat said Tuesday.
Analysts expected a 0.2% gain for the month.
On a yearly basis, the calendar-adjusted industrial output rose 1.5%, against the revised 0.4% growth earlier.
The euro area's economic sentiment index rose to -9.1 points in May from -20.4 points in April, research institute ZEW said Tuesday.The consensus estimate for the month was -21.6 points, according to Investing.com.Meanwhile, the current situation indicator increased by 1.6 points to -41.4 points.
Business sentiment among Hong Kong's small and medium-sized enterprises (SMEs) weakened in April.The current diffusion index (DI) on business receipts amongst SMEs slipped to 44 in the contractionary zone in April from 44.3 in March, according to data released Tuesday by the Census and Statistics Department.The outlook index for May was 47.5, still under the 50-mark signaling contraction.The business sentiment remained cautious in the month amid the Middle East conflict, according to a government spokesman.Looking ahead, the situation in the Middle East continues to cause uncertainty for local business sentiment, however, economic growth is expected to provide support.
Germany's economic sentiment index climbed to -10.2 points in May from -17.2 points in April, research institute ZEW said Tuesday.The consensus estimate for the month was -19.2 points, according to Investing.com.Meanwhile, the current situation indicator came in at -77.8 points, compared with the previous -73.7 points and the expected -77.5 points.