Investing.com – Industrial production in the euro zone declined slightly less-than-expected in December, official data showed on Tuesday.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 1.1% in December, slightly better than expectations for a 1.2% drop.
Industrial production in November was revised to a flat reading from a previously reported 0.1% decline.
Year-on-year, industrial production fell at an annualized rate of 2.0% in December, after rising at a rate of 0.1% in the previous month. Analysts had expected industrial production to decline at an annualized rate of 1.2%.
Following the release of the data, the euro turned fractionally higher against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3192.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.05%, France’s CAC 40 dipped 0.1%, Germany's DAX rose 0.15%, while London’s FTSE 100 shed 0.05%.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 1.1% in December, slightly better than expectations for a 1.2% drop.
Industrial production in November was revised to a flat reading from a previously reported 0.1% decline.
Year-on-year, industrial production fell at an annualized rate of 2.0% in December, after rising at a rate of 0.1% in the previous month. Analysts had expected industrial production to decline at an annualized rate of 1.2%.
Following the release of the data, the euro turned fractionally higher against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3192.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.05%, France’s CAC 40 dipped 0.1%, Germany's DAX rose 0.15%, while London’s FTSE 100 shed 0.05%.