Eurozone January Industrial Production Up 2.3% Month-on-Month, Exceeding Expectations

[Asia Economy Reporter Lim Cheol-young] Industrial production in the Eurozone, which includes 19 countries using the euro, exceeded market expectations in January.

According to Eurostat, the statistical office of the European Union (EU), Eurozone industrial production in January increased by 2.3% compared to the previous month. Compared to the same period last year, it decreased by 1.9%.

Previously, experts had predicted that January industrial production would increase by 1.3% month-on-month.

Meanwhile, Eurozone industrial production for December last year was revised to show a 1.8% decrease month-on-month and a 3.6% decrease year-on-year.

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