Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone climbed 2.1% in January, exceeding expectations for a 1.7% increase, after a 0.5% fall in December. December's figure was revised up from a 1.0% decrease.

Non-durable consumer goods output increased 2.4% in January, capital goods output climbed 3.9%, while energy output rose 2.4%.

Intermediate goods output was up 0.9% in January, while durable consumer goods gained 1.3%.

On a yearly basis, Eurozone's industrial production rise 2.8% in January, exceeding expectations for a 1.4% rise, after a 0.1% decrease in December. December's figure was revised up from a 1.3% drop.

Durable consumer goods climbed by 3.2% in January from a year ago, capital goods rose by 4.6%, non-durable consumer goods gained by 7.3%, while intermediate goods output increased by 1.9%.

Energy output declined by 3.7% in January from a year ago.