Eurozone Industrial Production rises 1.1% MoM in February vs. 0.2% expected

Eurozone’s industrial sector activity rose more than expected in February, the latest data published by Eurostat showed on Tuesday.

Industrial output in the old continent rose 1.1% month-over-month (MoM) in February versus the estimated growth of 0.2% and 0.8% reported in January.

Annually, Eurozone Industrial Production jumped 1.2% in the same period, compared to January’s -0.5%. Data surprised markets to the upside, with -0.8% reading predicted.

EUR/USD reaction to the Eurozone Industrial Production data

more to come ...