Economic news

Euro area industrial output drops sharply

Eurozone industrial output dropped in February, against economists expectations of a low increase, mainly due a significant fall of energy industry, discouraging perspectives for strong economic growth.

Industrial output fell by 0.3 month-over-month in February, but rose by 1.2 percent year-on-year, according to the European Union's statistics office Eurostat. Meanwhile, market had expected a 0.1 percent slight increase for February.

In addition, Eurostat revised output numbers for January, reporting a far less output gain for that month.

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