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The Eurozone and the EU recorded an increase in industrial production in February

According to data released by Eurostat, industrial production adjusted for seasonal effects increased by 0.4% in February compared to the previous month in both the Eurozone and the European Union.

The Eurozone and the EU recorded an increase in industrial production in February

In contrast, on an annual basis, industrial production declined. In February, output fell by 0.6% in the Eurozone and by 0.1% across the European Union compared to the same period last year.

Among member states, the highest monthly increase was recorded in Ireland with 5.7%, followed by Finland at 3.3% and Sweden at 3.2%.

On the other hand, the sharpest decline was seen in Malta at 6%. Luxembourg and Greece also stood out with decreases of 4.6% and 2.1%, respectively.

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