Industrial production in the EU rose 0.4% in January compared with the prior month as it remained unchanged in the euro area.
- Factory output was stagnant in the eurozone in January on a month-on-month basis. That growth signals a slowdown from a growth of 1.3% for the single currency bloc in December.
- Yearly, production fell by 1.3% in January in the euro area and surged 0.4% in the EU. The drop underscores the forecast, with the market projecting only a 0.5% decline for the eurozone.
- The largest monthly increase in industrial output was reported in Austria with 6.2%, while the biggest monthly decrease was reported in Estonia with 6.1%.
- Annually, the highest surge in industrial production was posted in Lithuania with 24.7%, whereas the largest decrease was reported in Ireland with 20%.
On a monthly basis, production of non-durable consumer goods increased 3.1% in January, but production of intermediate goods and energy both dropped 0.3% in the eurozone.
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