Eurozone Industrial Production rises by 0.1% in March vs. 0.7% expected

Eurozone’s Industrial Production in Germany showed a lesser-than-expected rebound in March, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is still in doldrums.

The industrial output in the bloc arrived at 0.1% MoM vs. a 0.7% rise expected and -1.2% last.

On an annualized basis, the industrial output jumped by 10.9% in March versus a 11.7% increase expected and February’s -1.8%.