(Sharecast News) - Industrial production in the euro area rose by 1.1% in February compared with the prior month, according to fresh data from Eurostat on Tuesday.
The broader European Union also recorded a 1% monthly gain, marking an acceleration from January's more modest increases of 0.6% and 0.1%, respectively.

On a year-on-year basis, industrial output was up 1.2% in the euro area and 0.6% in the EU, with non-durable consumer goods providing a notable boost.

In the eurozone, output of those goods surged 2.8% from January and 9.7% from a year earlier, offsetting declines in several other categories.

Capital goods production rose 0.8% month-on-month but remained 1.8% below February 2024 levels, while energy production slipped slightly on the month but edged up year-on-year.

Among member states, Ireland posted the strongest monthly performance with a 10.8% increase, followed by Belgium and Luxembourg.

In contrast, Croatia, Greece and Romania registered the largest monthly declines.

Over the year, Ireland also led gains with a 38.8% surge, while Hungary recorded the steepest drop at 8.0%.

Despite the overall positive momentum, several segments of industrial output remained below last year's levels, particularly intermediate goods and durable consumer goods.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE