By Jon Sindreu

Industrial production in the 19 countries that share the euro is likely to have risen in January after December's lull, economists say.

Median forecasts by analysts polled by The Wall Street Journal predict that factory output will increase by 0.2% on the month, compared with flat growth in December, which reinforces signals of the eurozone economy having a timid recovery.

The European Central Bank is due to launch Monday its program to buy 1 trillion euros ($1.1 million) worth of sovereign bonds--a policy known as quantitative easing--in an attempt to fight falling prices and economic stagnation in the eurozone.

Analysts point out that since ECB President Mario Draghi announced the scheme in January economic indicators have started to pick up. Although still negative, inflation in the single currency area recovered in February from the previous month. Forecasts for French inflation data due Thursday also likely to show that prices bounced back.

"The ECB's expansionary policy has started to bear fruit even before the bank begins to buy government bonds," Tomas Holinka, economist at Moody's Analytics, said Thursday.

 
Date     GMT    Indicator                        Period    Forecast       Previous 
Mar 09   0800   GERMANY Trade balance            Jan       +EUR21.3B (6)  +EUR21.8B 
Mar 09   0800   GERMANY Current account          Jan       +EUR15.0B (5)  +EUR25.3B 
Mar 10   0845   FRANCE Industrial production     Jan       -0.4%MM (14)   +1.5%MM 
Mar 10   1000   ITALY Industrial production      Jan       +0.2%MM (12)   +0.4%MM 
Mar 10   1000   ITALY Industrial production      Jan       +0.2%YY (5)    +0.1%YY 
Mar 12   0800   GERMANY CPI final                Feb       +0.9%MM (15)   +0.9%MMp/-1.1%MM 
Mar 12   0800   GERMANY CPI final                Feb       +0.1%YY (17)   +0.1%YYp/-0.4%YY 
Mar 12   0800   GERMANY HCPI final               Feb       +1.0%MM (14)   +1.0%MMp/-1.3%MM 
Mar 12   0800   GERMANY HCPI final               Feb       -0.1%YY (14)   -0.1%YYp/-0.5%YY 
Mar 12   0845   FRANCE CPI                       Feb       +0.6%MM (8)    -1.0%MM 
Mar 12   0845   FRANCE CPI                       Feb       -0.4%YY (7)    -0.4%YY 
Mar 12   0900   SPAIN HCPI                       Feb       -1.2%YY (9)    -1.2%YYp/-1.5%YY 
Mar 12   1100   EUROZONE Industrial production   Jan       +0.2%MM (24)   +0.0%MM 
Mar 12   1100   EUROZONE Industrial production   Jan       +0.1%YY (13)   -0.2%YY 
Mar 13   1000   ITALY CPI final                  Feb       +0.3%MM (4)    +0.3%MMp/-0.4%MM 
Mar 13   1000   ITALY CPI final                  Feb       -0.2%YY (4)    -0.2%YYp/-0.6%YY 
 
(Figures in parentheses refer to number of economists surveyed. p = preliminary) 
 

Write to Jon Sindreu at jon.sindreu@wsj.com