- Prior -1.5%; revised to -0.8%
Euro area factory output nudged up more than estimated just before the start of the US-Iran conflict, and that is despite a more positive revision to the January figure as well. Amid higher energy prices and surging input cost inflation, expect conditions to change up more dramatically in the months ahead.
The breakdown shows that there was an increase in production for intermediate goods (+0.5%), capital goods (+1.0%), and non-durable consumer goods (+2.6%). Meanwhile, there were decreases in the production for energy (-2.1%) and durable consumer goods (-1.3%).
Relative to the same month a year ago, euro area industrial production is seen down 0.6% – similar as it was in January.
