Eurozone industrial production rose by 0.4% month-over-month in February 2026, rebounding after two consecutive monthly declines and slightly exceeding market expectations of a 0.3% increase. The recovery was supported by stronger output in non-durable consumer goods (up 2.6% vs. -5.0% in January), capital goods (up 1.0% vs. -1.7%), and intermediate goods (up 0.5% vs. -1.4%).
These gains were partly offset by a 2.1% decline in energy production (after a 5.5% rise in January), while output of durable consumer goods fell for the fourth consecutive month (-1.3% vs. -1.0%).
Among the bloc’s largest economies, Italy posted a modest 0.1% increase in industrial output, and Spain was flat. By contrast, production declined in Germany (-0.1%), France (-0.8%), and the Netherlands (-1.4%).
On an annual basis, industrial activity fell by 0.6% in February, matching January’s rate of contraction and performing better than expectations for a 1.0% decline.
