Eurozone industrial production smashed expectations in February, rising 1.1% from January alone, and 1.6% from February last year.
That’s twice as strong as was expected.
Analysts expected industrial production to rise 0.4% month-on-month, but only 0.7% year-on-year.
Despite Europe’s recent rebound, industrial data has lagged behind — the boost has mostly been driven by consumers — German and Spanish retail sales have recently risen at their fastest pace in 10 years.
Could this be a sign of a bit more balance?