Eurozone Industrial Production arrives at 0% MoM in October vs. -0.1% expected
FXStreetDec 13, 2024 10:04 AM
Eurozone’s industrial sector activity showed no growth in October, the latest data published by Eurostat showed on Friday.
Industrial output in the old continent came in 0% MoM, compared to the expected decrease of 0.1% and a -1.5% recorded in September.
Eurozone Industrial Production fell at an annual rate of 1.2% in October versus September’s -2.2%. The market forecast was for -1.9%.
EUR/USD reaction to the Eurozone Industrial Production data
The upbeat Eurozone industrial figures powered the Euro, as EUR/USD holds the bounce near 1.0500. The pair is up 0.21% on the day, at the press time.
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