Eurozone Industrial Production increases by 1.5% MoM in February vs. 1.0% expected

Eurozone Industrial Production extends its uptrend in February, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is holding ground.

Eurozone’s Industrial Output rose by 1.5% MoM, the Eurostats said in its latest publication, vs. 1.0% expected and 0.7% previous print.

On an annualized basis, the old continent’s Industrial Production arrived at 2.0% in February versus a 0.9% figure registered in January and 1.5% estimates.