Eurozone January industrial production +0.8% vs +0.6% m/m expected

• Prior -1.1%; revised to -0.4%

The stronger-than-expected reading here comes alongside an upwards revision to the December numbers. So, it's a solid report overall. Industrial output climbed in January as the increases in production of intermediate goods (+1.6%) and capital goods (+0.5%) helped to offset declines in energy (-1.2%), durable consumer goods (-0.2%), and non-durable consumer goods (-3.1%).