Eurozone industrial output remains volatile.

 Eurozone industrial production recovered to increase 0.4% on month in February from a slump of 0.6% in January and beat consensus of +0.1%. On year, output was -3.1% vs -2.4% and -2.5%. The growth in production, which has been fairly volatile over the past few months, was driven by a 2.6% rise in energy production and a 1.3% increase in durable consumer goods.