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- Eurozone Industrial Production increases by 1.5% MoM in February vs. 1.0% expected
Eurozone Industrial Production increases by 1.5% MoM in February vs. 1.0% expected
Eurozone Industrial Production extends its uptrend in February, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is holding ground.
Eurozone’s Industrial Output rose by 1.5% MoM, the Eurostats said in its latest publication, vs. 1.0% expected and 0.7% previous print.
On an annualized basis, the old continent’s Industrial Production arrived at 2.0% in February versus a 0.9% figure registered in January and 1.5% estimates.
FX implications
The shared currency failed to find any inspiration from the upbeat German industrial figures. At the time of writing, EUR/USD is trading at around 1.1010, gaining 0.21% on the day.
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