Eurozone industrial production recovers in February
Industrial production in euro area grows 0.8% from previous month, shifting from decline in January
By Tuba Ongun
Industrial production in the eurozone rebounded on a monthly basis in February, according to Eurostat data released on Monday.
Industrial output in the single-currency zone grew 0.8% month-on-month in February, shifting from a revised decrease of 3% in January, Eurostat data showed.
Industrial production rose by 1.4% for durable consumer goods, 1.2% for capital goods, and 0.5% for intermediate goods.
On the other hand, it decreased by 3.0% for energy and by 0.9% for non-durable consumer goods.
In the EU, industrial production also reversed to a growth of 0.7% in February after January’s 2.7% decline.
On an annual basis, industrial production contracted by 6.4% in the euro area and by 5.4% in the EU.
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