Investing.com - Industrial production in the euro zone fell much more-than-expected in July, underlining 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 fell by a seasonally adjusted 1.5% in July, worse than expectations for a 0.1% decline.
Industrial production in June was revised to a 0.6% increase from a previously reported gain of 0.7%.
Year-on-year, industrial production tumbled at an annualized rate of 2.1% in July, after dropping at a rate of 0.4% in the preceding month. Analysts had expected industrial production to decline at an annualized rate of 0.1%.
Following the release of that data, the euro was mildly lower against the U.S. dollar, with EUR/USD easing down 0.06% to trade at 1.3301.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.2%, France’s CAC 40 dipped 0.1%, Germany's DAX inched up 0.1%, while London’s FTSE 100 tacked on 0.1%.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 1.5% in July, worse than expectations for a 0.1% decline.
Industrial production in June was revised to a 0.6% increase from a previously reported gain of 0.7%.
Year-on-year, industrial production tumbled at an annualized rate of 2.1% in July, after dropping at a rate of 0.4% in the preceding month. Analysts had expected industrial production to decline at an annualized rate of 0.1%.
Following the release of that data, the euro was mildly lower against the U.S. dollar, with EUR/USD easing down 0.06% to trade at 1.3301.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.2%, France’s CAC 40 dipped 0.1%, Germany's DAX inched up 0.1%, while London’s FTSE 100 tacked on 0.1%.