Investing.com – Industrial production in the euro zone declined slightly less-than-expectations in September, official data showed on Monday.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 2.0% in September, slightly better-than-expectations for a 2.2% drop.
The previous month’s figure was revised up to a 1.4% gain from a previously reported 1.2% increase.
Year-on-year, industrial production rose at an annualized rate of 2.2% in September, after climbing at a rate of 6.0% in the previous month. Analysts had expected industrial production to rise at an annualized rate of 3.6%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.46% to trade at 1.3687.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 slumped 0.5%, France’s CAC 40 fell 0.75%, Germany's DAX dipped 0.3% higher, while the FTSE 100 edged 0.1% lower.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 2.0% in September, slightly better-than-expectations for a 2.2% drop.
The previous month’s figure was revised up to a 1.4% gain from a previously reported 1.2% increase.
Year-on-year, industrial production rose at an annualized rate of 2.2% in September, after climbing at a rate of 6.0% in the previous month. Analysts had expected industrial production to rise at an annualized rate of 3.6%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.46% to trade at 1.3687.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 slumped 0.5%, France’s CAC 40 fell 0.75%, Germany's DAX dipped 0.3% higher, while the FTSE 100 edged 0.1% lower.