Euro-zone industrial production was stronger-than-expected in February, data showed Thursday, mainly thanks to an increase in the production of capital goods and consumer non-durable goods.
European Union statistics agency Eurostat said industrial production in the 20 countries that use the euro rose 1.5% in February compared with the previous month, up 2.0% year on year.
Economists polled by Reuters had expected a 1.0% monthly increase and a 1.5% annual gain.
Eurostat said the output of capital goods – goods such as buildings and equipment used to make products and provide services – rose by 2.2% in the month, after rising by 0.1% in January, hitting a high of 10, 4% in annual comparison.
Energy production also rose 1.1% for the month after falling 0.2% in January and production of consumer staples rose 1.9% for the month after falling 2. 1% in January.
Source: Terra
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