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Financial News: Eurozone Industrial Production Falls In February

Eurozone Industrial Production Falls In February

04/12/2019 - 06:44:00 (RTTNews)

(RTTNews) - Eurozone's industrial production fell in February after rising in the previous month, figures from the statistical office showed on Friday.

Industrial production fell 0.2 percent month-on-month in February, reversing a 1.9 percent rise in January. Economists had forecast a 0.6 percent decline.

The latest decline was driven by 3.0 percent fall in energy production, followed by a 0.4 percent decline in the output of durable consumer goods and capital goods each and a 0.1 percent drop in manufacture of intermediate goods.

Meanwhile, non- durable consumer goods rose 0.9 percent in February.

On a year-on-year basis, industrial production decreased 0.3 percent after a 0.7 percent slump in January. Economists had forecast a 1.0 percent fall.

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