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Eurozone industrial production smashed expectations in February

Mike BirdApr 14, 2015, 14:33 IST

Eurozone industrial production smashed expectations in February, rising 1.1% from January alone, and 1.6% from February last year.

That's twice as strong as was expected.

Analysts expected industrial production to rise 0.4% month-on-month, but only 0.7% year-on-year.

Despite Europe's recent rebound, industrial data has lagged behind - the boost has mostly been driven by consumers - German and Spanish retail sales have recently risen at their fastest pace in 10 years.

Could this be a sign of a bit more balance?

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