The broad-based major European indices closed higher in Friday’s trading session, as health care related stocks, mining companies, and automotive equities boosted the markets. In economic news, In April 2017, compared with March 2017, industrial producer prices remained stable in both the euro area (EA19) and the EU28, according to Eurostat, the statistical office of the European Union. In March, prices fell 0.3% in the euro area, and 0.2% in the EU28. In Apri, compared with April of 2016, industrial producer prices rose 4.3% in the euro area, and 4.8% in the EU28.
Industrial producer prices in total industry remained stable in the euro area in April, compared with March, which was attributed to rises of 0.3% for non-durable consumer goods, of 0.2% for intermediate goods, and of 0.1% for both capital goods and durable consumer goods, while prices fell by 0.6% in the energy sector.