February Euro-Zone industrial production grows more than expected

February Euro-Zone industrial production grows more than expectedThe manufacturing sector of European countries grew in the month of February despite the snowy weather across Europe. The European Union's statistics office said today the European industrial production was reported up by
0.9% compared to January. The figures of industrial production in the month of February surprised the economists as they were expecting lower growth in the month.

According to the data released by European Union's statistics office showed that the industrial production in 16 countries was reported up by 0.9% in the month of February. This was reported the second consecutive monthly growth in the industrial production as it was reported up by 1.6% in the month of January.

The growth in industrial production beat the expectation of the economists. Economists were anticipating a growth of 0.1% for the period. Also, the output was reported up by 4.1% compared to the same month last year.

The growth in industrial production is very important to the European economy as it depends on the on the export of high quality manufactured goods. The growth showed that the output is in a position to meet rising export orders.