Eurozone industrial production rises more than expected in February

FXStreet (Mumbai) - In February 2015 compared with February 2014, seasonally adjusted Eurozone industrial production rose by 1.6%, beating the estimate of a 0.7% rise, and up from January’s 0.4% gain.

The increase of 1.6% in industrial production in the euro area in February 2015, compared with February 2014, is due to the production of energy rising by 6.6%, non-durable consumer goods by 1.8%, capital goods by 1.1% and durable consumer goods by 0.5%, while intermediate goods fell by 0.2%.

Month-on-month the Industrial Production rose 1.1%, bettering the estimate of 0.4% gains, and up from January’s 0.3% contraction.