Eurozone Industrial Output Shows Spark But Germany Lags Behind

Industrial production in the eurozone showed signs of stabilisation in January across sectors and in most countries, despite a contraction in Germany, the bloc’s biggest economy, the Financial Times reported. Output in the region rose 1.4 per cent from the previous month, rebounding from a decline of 0.9 per cent in December, better than a forecast from analysts in a Reuters poll of 1.0 per cent expansion, Eurostat figures revealed on Wednesday. “Expectations of a structural rebound in industrial output remain alive, as the downward drag from temporary factors should fade out over the coming months,” said Bert Colijn, economist at ING.  Energy production had the biggest monthly increase, with 2.4 per cent, overturning a 0.6 per cent decline in the previous month. On a less volatile year-on-year change, industrial production shrank 1.1 per cent, but this is milder than the 4.2 per cent decline in December. Read more