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Eurozone Industrial Production rises 1.2% year-on-year in January

FXStreet (Mumbai) - The official data released in the Eurozone today showed a 1.2% in industrial production in January 2015, compared with January 2014. Economists were expecting a 0.1%. The previous month’s figure was revised upwards to 0.6%.

The annual rise was mainly due to the production of energy rising by 2.9%, non-durable consumer goods by 2.7%, durable consumer goods by 2.5%, capital goods by 1.4% and intermediate goods by 0.7%.

Meanwhile, the industrial production declined 0.1% in January 2015, compared with December 2014. The fall was mainly due to production of durable consumer goods falling by 2.2% and intermediate goods by 0.5%, while capital goods and non-durable consumer goods both increased by 0.1% and energy by 0.9%.

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