Trump says U.S. troops to stay in Poland, open to increasing presence
President Donald Trump said U.S. troops will remain stationed in Poland and suggested he is open to expanding the American military presence in the ce...
Industrial production in the eurozone rose by 1.1% month-on-month in February, outperforming expectations, according to data released by Eurostat on Tuesday. Analysts had forecasted a modest 0.1% increase.
The rise was primarily driven by gains in non-durable consumer goods, which surged 2.8%. Intermediate goods also posted a 0.3% increase, while capital goods saw a rise of 0.8%. However, energy output declined by 0.2%, and durable consumer goods fell by 0.3%.
In the broader European Union, industrial production increased by 1% month-on-month in February, with non-durable consumer goods leading the way, rising by 2.7%. However, the production of durable consumer goods in the EU fell by 0.4%.
On an annual basis, industrial output in the eurozone grew by 1.2% in February, while the EU saw a 0.6% increase. The strongest annual growth in the eurozone was in non-durable consumer goods, which rose by 9.7%. Meanwhile, intermediate goods saw a 2.7% year-on-year decline.
In the EU, non-durable consumer goods also recorded the highest annual growth at 8.1%, while both intermediate and durable consumer goods experienced declines of 2.2%. The data underscores a mixed performance across various sectors within the EU and eurozone economies.
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