Investing.com - Industrial production in the euro zone fell unexpectedly in January, amid ongoing concerns over the outlook for economic growth in the single currency bloc, official data showed on Thursday.
In a report, Eurostat, the European statistics agency said industrial production decreased by a seasonally adjusted 0.1% in January, disappointing forecasts for a gain of 0.2% and following a flat reading in December.
Year-on-year, industrial production rose at a rate of 1.2% in January from a year earlier, compared to expectations for a 0.1% increase and after rising 0.6% in the preceding month.
EUR/USD was trading at 1.0595 from around 1.0598 ahead of the release of the data, while EUR/GBP was at 0.7069 from 0.7070 earlier.
Meanwhile, European stock markets remained mostly lower. The EURO STOXX 50 shed 0.3%, France’s CAC 40 lost 0.25%, Germany's DAX slipped 0.2%, while London’s FTSE 100 tacked on 0.7%.