Eurozone Industrial Production drops 0.3% MoM in July, as expected

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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