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European Economic News

Eurozone Industrial Output Falls In February

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone industrial production declined in February after recovering a month ago, Eurostat reported Wednesday.

Industrial production fell 0.8 percent in February from January, when it grew by revised 1.9 percent. Economists had forecast a 0.7 percent drop. Output for January was revised down from 2.1 percent.

On a yearly basis, industrial output growth eased to 0.8 percent from revised 2.9 percent in January. It was slower than the expected 1.3 percent increase. Nonetheless, production grew for the second straight month.

Production in the EU28 fell 0.7 percent in February from prior month and increased 0.8 percent from last year.

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