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