Eurozone industrial production rebounded at a faster than expected pace in January, data from Eurostat revealed Monday.
Industrial production grew 2.1 percent month-on-month, reversing a 0.5 percent fall in December. Economists had forecast a 1.7 percent rise for January.
On a yearly basis, industrial output expanded 2.8 percent, following a 0.1 percent drop in the prior month. The pace of growth was faster than an expected 1.6 percent.
Production of non-durable consumer goods logged the biggest growth of 7.3 percent. Capital goods and durable consumer goods grew 4.6 percent and 3.2 percent, respectively. Intermediate goods output gained 1.9 percent.
On the other hand, energy production decreased 3.7 percent in January.
The material has been provided by InstaForex Company – www.instaforex.com