Brussels: The industrial production index maintained stability in the eurozone for February while experiencing a decline across the European Union, based on recent data from Eurostat.

According to Anadolu Agency, industrial production in the euro area showed no change on a yearly and monthly basis, whereas the European Union saw a 0.2% decrease. In the euro area, there was a rise of 1.6% for intermediate goods and a 0.5% increase for capital goods. However, non-durable consumer goods dropped by 3.1%, energy by 1.2%, and durable consumer goods by 0.2%.

For the EU, intermediate goods climbed by 1.5%, and capital goods saw a slight increase of 0.1%. Conversely, non-durable consumer goods fell by 4.1%, energy by 2.0%, and durable consumer goods by 0.3%. Among the member states, Lithuania, Portugal, and Austria observed the highest monthly increases year-on-year in February, with Lithuania leading at 4.6%. On the other hand, Malta, Denmark, and Slovakia faced the most significant declines, with Malta experiencing a 12.9% drop.

On an annual basis, Slovakia, Denmark, and Hungary reported the largest decreases. Meanwhile, Ireland, Lithuania, and Croatia saw significant annual growth, with Ireland achieving a notable 10.4% increase. The eurozone, also known as the euro area or EA20, consists of member states utilizing the euro, while the EU27 encompasses all member nations.