Eurozone industrial production rose more than expected in January

According to the report from Eurostat, in January 2021, the seasonally adjusted industrial production rose by 0.8% in the euro area and by 0.7% in the EU, compared with December 2020. Economists had expected a 0.2% increase in the euro area. In December 2020, industrial production fell by 0.1% in the euro area and remained stable in the EU. In January 2021 compared with January 2020, industrial production increased by 0.1% in the euro area and by 0.3% in the EU. 

In the euro area in January 2021, compared with December 2020, production of durable consumer goods rose by 0.8%, non-durable consumer goods by 0.6%, energy and capital goods by 0.4% and intermediate goods by 0.3%. In the EU, production of non-durable consumer goods rose by 0.8%, energy and capital goods by 0.6% and intermediate and durable consumer goods by 0.4%.

In the euro area in January 2021, compared with January 2020, production of intermediate goods rose by 1.8%, durable consumer goods by 1.6%, capital goods by 0.9% and energy by 0.4%, while production of non-durable consumer goods fell by 3.9%.

In the EU, production of durable consumer goods rose by 3.0%, intermediate goods by 2.2% and capital goods by 0.9%, while production of energy fell by 0.5% and non-durable consumer goods by 3.2%.