Eurozone industrial production rebounds 1.4% m/m in January, beats estimates

Industrial activity in the Eurozone saw an upturn in January, after two straight monthly declines.

Industrial production bounced by 1.4% m/m in January after dropping by 0.9% in December, beating expectations of a 1.0% rebound. On an annualized basis, the factory output dipped by 1.1% in the reported month versus a 4.2% drop seen last.