Industrial production in the Eurozone rose in the month of February despite the global supply chain challenges and soaring input prices.
- Output from factories, mines and utilities across the region rose 0.7% compared with January.
- Eurostat stated that energy output dropped month-on-month in February for the third consecutive time, even though it continued to increase from a year earlier.
- Production of capital goods also dropped in February in the month and year-on-year for the second straight month.
- Meanwhile, these declines were offset by significant gains in output of both durable and non-durable consumer goods, which rose by 5.8% and 8.9% year-on-year accordingly.
Annually, the highest increases in production were posted in Lithuania (+20.4%), Poland (+17.8%), and Bulgaria (+14.4%). The largest decreases were recorded in Ireland, Portugal, and Malta.
EuroStoxx 50 up +1.68%, EURUSD up +0.63%
Source: eurostat
