EU Industrial Output Expanded Less-than-Expected in February

Industrial output in the Eurozone expanded less than expected in February, while gains in the previous two months were revised downwards, Eurostat reported on Wednesday. On the month, production was only 0.4% higher in February, matching the most pessimistic forecasts and resulting in an annual increase of 7.3%. Taking into account the prior months’ revisions, average output in over January and February was still up 1.0% compared to 4Q, which in was 1.9% higher than in 3Q. – iMarketNews