Eurozone industrial output contracted in January, contrary to expectations of growth.
Industrial production in the eurozone unexpectedly fell by 1.5% in January compared to the previous month, while analysts had expected growth of 0.6%. This data was released by the statistical office Eurostat. Declines were recorded in most of the bloc’s largest economies, including Germany, Italy, and Spain. Year-on-year, output fell by 1.2%, while growth of 1.4% had been forecast.
