Eurozone industrial output rises by 1.1% in February
The euro area's industrial production rose by 1.1% month-on-month in February, exceeding forecasts, according to data from the regional statistical bureau Eurostat on Tuesday, Anadolu reports.
The markets had forecast a modest 0.1% increase.
Industrial production for intermediate goods rose 0.3%, non-durable consumer goods climbed 2.8%, capital goods increased 0.8%, while energy fell 0.2%, and durable consumer goods declined 0.3%.
In the EU, industrial production increased by 1% on a monthly basis in February, with the highest increase in non-durable consumer goods, up 2.7%, while industrial production for durable consumer goods fell 0.4%.
On an annual basis, industrial production in the eurozone and the EU climbed 1.2% and 0.6% respectively, in February.
In the euro area, the highest increase was seen in non-durable consumer goods with a 9.7% annual rise, while intermediate goods decreased by 2.7% in February.
As for the EU, annual industrial production for non-durable consumer goods saw the largest increase at 8.1%, while the highest fall was in intermediate goods and durable consumer goods, both down 2.2%.
The eurozone, or EA20, represents member states that use the bloc’s single currency, the euro, while the EU27 includes all member countries.
Previously it was reported that China's exports rose to USD 850.1 bln in Q1
