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- Eurozone Industrial Production rises 0.2% MoM in May vs. 0.3% expected
Eurozone Industrial Production rises 0.2% MoM in May vs. 0.3% expected
Eurozone Industrial Production increased less than expected in May, the official data showed on Thursday, suggesting that the manufacturing sector recovery is losing momentum.
Eurozone’s Industrial Output rose 0.2% MoM, the Eurostats said in its latest publication, vs. 0.3% expected and 1.0% previous reading.
The bloc’s annual Industrial Production dropped 2.2% in May versus a 1.2% decrease seen in April and against the expected fall of 1.2%.
EUR/USD reaction
The shared currency is unperturbed by downbeat German industrial figures. At the time of writing, EUR/USD is trading at around 1.1165, adding 0.32% on the day.
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