- Analytics
- News and Tools
- Market News
- Eurozone Industrial Production drops 0.3% MoM in July, as expected
Eurozone Industrial Production drops 0.3% MoM in July, as expected
Eurozone’s industrial sector activity accelerated its pace of decline in July, the latest data published by Eurostat showed on Friday.
Industrial output in the old continent decreased by 0.3% MoM, aligning with the expected decline of 0.3% while down from a 0% reading in June.
Eurozone Industrial Production fell at an annual rate of 2.2% in July versus June’s -4.1%. The market forecast was for -2.7%.
EUR/USD reaction to the Eurozone Industrial Production data
Mixed Eurozone industrial figures have little to no impact on the Euro, as EUR/USD continues to hold higher ground near 1.1100. The pair is up 0.16% on the day, at the press time.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
