Euro Area Industrial Production Mom

Industrial production in the Euro Area rebounded by 0.8% month-over-month in February 2024, marking a partial recovery from a revised 3.0% downturn in January and aligning with market expectations. The production of capital goods increased by 1.2% (vs -15.5% in January), while durable consumer goods advanced by 1.4% (vs -1.2%). Intermediate goods output also showed growth, rising by 0.5% following a 2.3% increase in the previous month. On the other hand, output decreased for both energy (-3.0% vs 0.4%) and non-durable consumer goods (-0.9% vs -0.2%). On a yearly basis, industrial production contracted by 6.4% in February, extending the 6.6% contraction observed in the previous month.