Euro zone February industrial output pretty much as expected. January data revised upwards

Euro zone February industrial output fell -2.3% m/m and -18.4% y/y, not too far removed from median forecasts of -2.5% and -18.0% respectively.

January’s numbers were revised upwards, to -2.4% m/m and -16% y/y from previous -3.5% and -17.3% Still horrible numbers all the same.

Euro zone CPI for March was confirmed at +0.4% m/m and +0.6% y/y.