Eurozone Industrial Production rises moderately by 0.1% in April, misses 0.3% estimates

Sagar Dua FXStreet

The Eurozone industrial sector activity rises at a moderate pace of 0.1% in April, slower than 0.3% estimates, according to data published by Eurostat. March’s Industrial Production data was revised higher to 0.4% from 0.2%.

On an annualized basis, the industrial output rises by 0.3% after declining 2.8% in March, revised lower from -2.1% estimates.

Market reaction

The Euro (EUR) has not reacted to the weak Eurozone Industrial Production data for April. However, EUR/USD is up 0.35% to near 1.1610, as of writing, due to cheerful market sentiment.

Economic Indicator

Industrial Production s.a. (MoM)

The Industrial Production index, released by Eurostat on a monthly basis, measures changes in the price-adjusted output of industry. It is a widely-followed indicator to gauge the strength in the Eurozone’s manufacturing sector. Generally, a high reading is seen as bullish for the Euro (EUR), while a low reading is seen as bearish.

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