Just caught the latest industrial production numbers from Eurostat and there's some mixed signals here. So in February, the eurozone industrial production actually ticked up 0.4% month-over-month, which is decent after that 0.8% drop in January. EU-wide it was the same 0.4% uptick.

But here's where it gets interesting - year-over-year, industrial production is still down 0.6% in the eurozone and basically flat at minus 0.1% across the EU. That's not exactly a strong recovery story. Energy production took a hit too, down 2.1% from the previous month, while intermediate goods managed a small 0.5% gain.

Looks like we're seeing some stabilization in industrial production after that rough January, but the bigger picture still shows weakness when you compare it to a year ago. Definitely something to watch as we move through spring. The eurozone's manufacturing sector seems to be struggling to find real momentum.