• Eurozone industrial production rose more than expected in January

Market news

12 March 2021

Eurozone industrial production rose more than expected in January

According to the report from Eurostat, in January 2021, the seasonally adjusted industrial production rose by 0.8% in the euro area and by 0.7% in the EU, compared with December 2020. Economists had expected a 0.2% increase in the euro area. In December 2020, industrial production fell by 0.1% in the euro area and remained stable in the EU. In January 2021 compared with January 2020, industrial production increased by 0.1% in the euro area and by 0.3% in the EU. 

In the euro area in January 2021, compared with December 2020, production of durable consumer goods rose by 0.8%, non-durable consumer goods by 0.6%, energy and capital goods by 0.4% and intermediate goods by 0.3%. In the EU, production of non-durable consumer goods rose by 0.8%, energy and capital goods by 0.6% and intermediate and durable consumer goods by 0.4%.

In the euro area in January 2021, compared with January 2020, production of intermediate goods rose by 1.8%, durable consumer goods by 1.6%, capital goods by 0.9% and energy by 0.4%, while production of non-durable consumer goods fell by 3.9%.

In the EU, production of durable consumer goods rose by 3.0%, intermediate goods by 2.2% and capital goods by 0.9%, while production of energy fell by 0.5% and non-durable consumer goods by 3.2%.

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