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.
Source: https://www.fxstreet.com/news/eurozone-industrial-production-drops-03-mom-in-july-as-expected-202409130902