Eurozone’s Industrial Production fell less than expected in March, the official data published by Eurostat showed on Friday, suggesting a slowdown in manufacturing sector activity.
The industrial output in the bloc arrived at -1.8% MoM vs. a 2.0% drop expected and 0.5% last.
On an annualized basis, the industrial output dropped by 0.8% in March versus a -1.0% decline expected and February’s 1.7%.
FX implications
The shared currency fails to find any inspiration from the upbeat Eurozone industrial figures.
At the time of writing, EUR/USD gains 0.25% on the day to trade at 1.0405.
About Eurozone Industrial Production
Industrial Production is released by Eurostat. It shows the volume of production of Industries such as factories and manufacturing. Uptrend is regarded as inflationary which may anticipate interest rates to rise. Usually, if high industrial production growth comes out, this may generate a positive sentiment (or bullish) for the EUR, while low industrial production is seen as a negative sentiment (or bearish).
