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- Eurozone industrial production fell less than expected in February
Eurozone industrial production fell less than expected in February
According to estimates from Eurostat, in February 2021, the seasonally adjusted industrial production fell by 1.0% in the euro area and by 0.9% in the EU, compared with January 2021. Economists had expected a 1.1% decrease in the euro area. In January 2021, industrial production rose by 0.8% in the euro area and in the EU.
In February 2021 compared with February 2020, industrial production decreased by 1.6% in the euro area and by 1.1% in the EU. Economists had expected a 0.9% decrease in the euro area.
In the euro area in February 2021, compared with January 2021, production of capital goods fell by 1.9%, energy by 1.2%, durable consumer goods by 1.1%, intermediate goods by 0.7% and non durable consumer goods by 0.1%. In the EU, production of capital goods fell by 1.9%, durable consumer goods by 1.0%, energy by 0.7%, intermediate goods by 0.6% and non-durable consumer goods by 0.1%.
In the euro area in February 2021, compared with February 2020, production of non-durable consumer goods fell by 4.3%, capital goods by 2.2%, energy by 1.5% and intermediate goods by 0.1%, while production of durable consumer goods rose by 0.7%. In the EU, production of non-durable consumer goods fell by 3.8%, capital goods by 2.4% and energy by 1.5%, while production of intermediate goods rose by 0.5% and durable consumer goods by 2.4%.
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