Eurozone industrial production grows more than expected.


Industrial production across the eurozone rebounded in February after two months of declines, though the output of powerhouses Germany and France both weakened.

Source: Sharecast

Seasonally adjusted industrial production increased by 0.4% in the single-currency region in February, following a 0.8% drop in January and a 0.6% fall in December.

This was ahead of the consensus forecast for a gain of 0.3%, though production was still 0.6% down on last year.

Compared with the month before, production of intermediate goods was 0.5% higher, while capital goods production rose 1.0% and non-durable consumer goods production jumped 2.6%.

That was partially offset by a 2.1% slump in energy production and a 1.3% fall in the production of durable consumer goods.

Comparing national data, the highest monthly increases were recorded in Ireland (+5.7%) and Finland (+3.3%), while the largest decreases were observed in Malta (-6.0%), Luxembourg (-4.6%) and Greece (-2.1%).

The eurozone's two largest economies, however, saw a renewed downturn over the month, with German industrial production down 0.1% after growing 0.5% in January, and French output dropping 0.8% after a 0.2% increase previously.

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