Industrial production in the euro zone recovered in February due to a recovery in capital and durable goods production, official figures showed on Monday.
Industrial production rose 0.8% in February compared to the previous month, Eurostat reported. This was in contrast to the 3.0% negative growth seen in January, but in line with economists' expectations.
Although energy production decreased by 3.0%, overall production expanded. Capital goods production rose 1.2%, reversing January's steep 15.5% drop.
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Production of durable goods rose 1.4%, offsetting a 1.2% decline in January. Intermediate goods production slowed to 0.5% after increasing 2.3%.
On the other hand, the rate of decline in non-durable consumer goods widened from 0.2% to 0.9%.
Industrial production fell 6.4% in February from a year earlier, after falling 6.6% in January, data showed.
In the EU27, industrial production increased by 0.7% month-on-month in February, but fell by 5.4% year-on-year.
Among EU member states, the highest monthly increases were in Ireland, Hungary and Slovenia. Meanwhile, Croatia, Lithuania and Belgium reported the biggest declines.
Capital Economics economist Lily Millard said despite the recovery, output levels remained weak and the outlook was poor.
