European Industrial Output Unexpectedly Rises: Economy
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Euro-area industrial production unexpectedly rose in February, driven by a weather-related surge in energy output, even as the region’s economy continued to slide into a recession.
Production in the 17-nation euro area increased 0.5 percent from January, when it remained unchanged, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop of 0.2 percent, the median of 23 estimates in a Bloomberg News survey showed. From a year earlier, production decreased 1.8 percent.