Eurozone Industrial Production jumps 1.0% MoM in April vs. 0.8% expected

Dhwani Mehta FXStreet

Eurozone Industrial Production rebounds in April, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is attempting a comeback.

Eurozone’s Industrial Output jumped 1.0% MoM, the Eurostats said in its latest publication, vs. 0.8% expected and -3.8% previous reading.

On an annual basis, the bloc’s Industrial Production increased 0.2% in April versus a -1.4% figure recorded in March and against the expected growth of 0.8%.

FX implications

The shared currency in little changed by the mixed German industrial figures. At the time of writing, EUR/USD is trading at around 1.0800, adding 0.08% 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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