Warm weather boosts Eurozone

Eurozone industrial production rose in February against January, beating market expectations of a contraction, but January’s output was revised lower, official data showed yesterday. Warm weather pushed industrial output up 0.5 per cent month-on-month in February, though the annual figure showed a 1.8 per cent fall on the same month of 2011. Eurostat also revised down previously released data to show no change in output in January against December from the previously reported 0.2 per cent increase.