Eurozone industrial output rose in December, surpassing estimates despite global supply chain pressures and rising import prices.
Production from factories, mines and utilities in the region increased by 1.2% in December compared to November, Eurostat said.
Economists forecast a 0.1% increase.
Compared to November, the production of capital goods increased by 2.6% in December, of intermediate goods by 0.5% and of non-durable consumer goods by 0.4%, while the production of durable consumer goods decreased by 0.3% and that of energy by 0.8%.
On an annual basis, industrial production increased by 1.6% in December, while economists expected an increase of 1%.
Eurostat revised its November data to 2.4% on a monthly basis, up from 2.3% previously.
Following the revision, industrial production fell 1.4% year-on-year in November from 1.5%.
IHS Markit data showed that the eurozone manufacturing sector regained some momentum in early 2022, with production, new orders and employment recording higher increases in January.
The eurozone manufacturing PMI in January rose to 58.7 points from 58 points in December, and reached its highest level since August.
Source: Capital
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