Euro Area: Industrial output growth rises in February
Latest reading: Industrial output rose 1.1% month-on-month in seasonally adjusted terms in February (January: +0.6% mom). Looking at the details of the release, output for capital goods, durable consumer goods and non-durable consumer goods gained pace. That said, intermediate goods production growth slowed.
On an annual basis, industrial production grew 1.2% in February, contrasting January’s 0.5% fall and marking the best result since February 2023. Moreover, the trend improved, with the annual average variation of industrial production coming in at minus 2.1%, up from January’s minus 2.7%.