Eurozone Industrial Production Grows In February

Eurozone industrial production rose more than expected in February after falling in the previous month, data from Eurostat showed on Wednesday.

Industrial output rose 0.7 percent month-on-month in February, reversing a 0.7 percent decrease in January, which was revised from a no change reading. Economists had forecast a monthly growth of 0.2 percent.

In December, output rose 1.5 percent.

Production of durable consumer goods output grew 2.7 percent and that of non-durable goods rose 1.9 percent. Intermediate goods output increased 0.9 percent.

Meanwhile, capital goods output and energy output declined by 0.1 percent and 1.1 percent, respectively.

On a yearly basis, industrial production rose 2.0 percent in February, after a 1.5 percent decline in the prior month. Economists had forecast output to grow 0.8 percent.

Industrial production in the EU27 gained 0.6 percent monthly and grew 3.0 percent from a year ago in February.

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