Italian official industrial output shrinks in March

MILAN: Italy's industrial production shrank by 0.8 percentage points in March from the level in February in a far worse result than expected, according to official data released on Friday.

Cyprus considered exiting the euro zone in March

Cyprus seriously considered dropping out of the euro zone at the peak of its financial crisis in March as it faced a standoff over the terms of an international bailout, Cyprus Foreign Minister Ioannis Kasoulides said in an interview in Washington on Thursday.

UK industrial output beats forecasts, official figures show

UK industrial production was stronger than forecast in March, official figures show, boosted by manufacturing and a recovery in oil and gas output.

Euro Rallies as German Factory Orders Diverge from PMI Result

German manufacturing orders increased by 2.2% in March (seasonally adjusted), thereby vastly outperforming expectations for the factory orders to decline by 0.5%, and the March rise in orders was the same as the revised 2.2% rise reported in February.

Italy economy to shrink 1.4% in 2013, figures forecast

Italy's economy will shrink by 1.4% this year, a much sharper contraction than previously forecast, according to the national statistic agency.