Eurozone Industrial Production steadies at 0.2% MoM in November vs. 0.3% expected
Source Fxstreet
Eurozone’s industrial sector activity showed steady performance in November, the latest data published by Eurostat showed on Wednesday.
Industrial output in the old continent came in 0.2% MoM in November, compared to the estimated increase of 0.3% and 0.2% recorded in October.
Eurozone Industrial Production dropped at an annual rate of 1.9% in November versus October’s -1.1%. Data aligned with the market expectations.
EUR/USD reaction to the Eurozone Industrial Production data
Eurozone industrial figures fail to move the needle around the Euro, as EUR/USD holds the bounce above 1.0300. The pair is flat on the day, at the press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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