Output at euro zone factories rose much more strongly than expected in March, driven by energy production to show a second consecutive monthly increase and the highest jump in 20 months.
Industrial production in the 17 countries sharing the euro increased by 1.0 percent from February, its strongest rise since July 2011, beating market expectations for a 0.4 percent rise, the EU’s statistics office Eurostat said on Tuesday.
The overall picture remained mixed as industrial output decreased in France and Italy, the bloc’s second and third largest economies, highlighting the euro zone’s problems in restarting economic growth and creating new jobs.
Total output in March was fueled by an 3.8 percent increase in energy production month-on-month, a sector accelerating its pace from a 1.9 percent rise in the previous month and 0.1 percent in January.
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