Italy's statistics institute Istat released its industrial production figures on Monday. Italian industrial output rose 0.6% in February, after a 0.7% decline in January.

The increase was driven by gains in energy and investment products. Energy products climbed by 3.6% in February, while investment products increased 1.1%.

On a yearly basis, industrial output in Italy decreased at an adjusted rate of 0.2%, after a 2.2% fall in January.

The Italian government forecasts that the economy will grow at 0.7% this year.