Investing.com - Industrial production in the euro zone fell more-than-expected in September, underlining concerns over the outlook for economic growth in the single currency bloc, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 0.5% in September, compared to expectations for a 0.3% decline.
Industrial production in August rose 1%.
Year-on-year, industrial production increased at an annualized rate of 1.1% in September from a year earlier, after dropping at a rate of 1.1% in the preceding month.
Analysts had expected industrial production to rise at an annualized rate of 0.2%.
Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD easing down 0.13% to trade at 1.3418.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.4%, France’s CAC 40 dipped 0.4%, Germany's DAX inched down 0.35%, while London’s FTSE 100 dropped 0.9%.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 0.5% in September, compared to expectations for a 0.3% decline.
Industrial production in August rose 1%.
Year-on-year, industrial production increased at an annualized rate of 1.1% in September from a year earlier, after dropping at a rate of 1.1% in the preceding month.
Analysts had expected industrial production to rise at an annualized rate of 0.2%.
Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD easing down 0.13% to trade at 1.3418.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.4%, France’s CAC 40 dipped 0.4%, Germany's DAX inched down 0.35%, while London’s FTSE 100 dropped 0.9%.