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Economics

Euro Industry Sees Strongest Pick-Up in More Than a Year

  • Production rises 1.4% on month as Italy, France stage comeback
  • Industrial output in Germany disappointed at the start of 2019
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Industry gave the euro-area economy a surprisingly strong lift at the start of 2019 after months of disappointing data cast clouds over the region’s outlook.

A 1.4 percent jump in industrial output -- higher than the 1 percent gain forecast -- was driven by a rebound in some of the bloc’s largest economies, including France, Italy and Spain. Gains in energy and non-durable consumer goods production were particularly strong, though output was still down 1.1 percent on the year.