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%.