Eurozone Industrial Production jumps 0.5% MoM in June vs. -0.1% expected

Dhwani Mehta FXStreet

Eurozone Industrial Production showed an unexpected increase in June, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is back on track.

Eurozone’s Industrial Output rose 0.5% MoM, the Eurostats reported in its latest release, vs. -0.1% expected and 0% previous reading.

The bloc’s annual Industrial Production dropped 1.2% in June versus a 2.5% decline seen in May and against expectations of a 4.2% decrease.

EUR/USD reaction

The shared currency is unfazed by the mixed German industrial figures. At the time of writing, EUR/USD is trading at around 1.0930, adding 0.22% on the day.

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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