Investing.com – Industrial production in the euro zone rose more-than-expected in November, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.2% in November, after rising by 0.7% in October.
Analysts had expected industrial production in the euro zone to increase by 0.5% in November.
The data showed that year-on-year, the rate of industrial production rose significantly more-than-expected, increasing by 7.4% in November, after rising by 7.1% in October.
Analysts had expected the year-on-year rate of industrial production to rise by 5.9% in November.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.38% to hit 1.3022.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 soared 1.96%, France’s CAC 40 jumped 1.49%, Germany's DAX rallied 1.35%, while the FTSE 100 climbed 0.50%.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.2% in November, after rising by 0.7% in October.
Analysts had expected industrial production in the euro zone to increase by 0.5% in November.
The data showed that year-on-year, the rate of industrial production rose significantly more-than-expected, increasing by 7.4% in November, after rising by 7.1% in October.
Analysts had expected the year-on-year rate of industrial production to rise by 5.9% in November.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.38% to hit 1.3022.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 soared 1.96%, France’s CAC 40 jumped 1.49%, Germany's DAX rallied 1.35%, while the FTSE 100 climbed 0.50%.