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Eurozone February industrial production +1.1% vs +0.3% m/m expected
EUR
- Prior +0.8%; revised to +0.6%
That's a stronger reading than expected with the jump largely coming from a rise in output for capital goods (+0.8%) and non-durable consumer goods (+2.8%). There was also an increase in production for intermediate goods (+0.3%), offset slightly by declines in energy production (-0.2%) and production for durable consumer goods (-0.3%).
Source: Forex Live