Eurozone February industrial production +0.4% vs +0.3% m/m expected
<ul><li>Prior -1.5%; revised to -0.8%</li></ul><p class="text-align-justify">Euro area factory output nudged up more than estimated just before the start of the US-Iran conflict, and that is despite a more positive revision to the January figure as well. Amid higher energy prices and surging input cost inflation, expect conditions to change up more dramatically in the months ahead.</p><p class="text-align-justify">The breakdown shows that there was an increase in production for intermediate goods (+0.5%), capital goods (+1.0%), and non-durable consumer goods (+2.6%). Meanwhile, there were decreases in the production for energy (-2.1%) and durable consumer goods (-1.3%).</p><p class="text-align-justify">Relative to the same month a year ago, euro area industrial production is seen down 0.6% - similar as it was in January.</p>
This article was written by Justin Low at investinglive.com.
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