Investing.com - Industrial production in the euro zone rose less 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 increased by a seasonally adjusted 0.6% in September, below forecasts for a gain of 1.0%. Industrial production in August fell by 1.4%.
Year-on-year, industrial production inched up 0.6% in September from a year earlier, compared to expectations for a 0.2% decline and after dropping at a rate of 0.5% in the preceding month.
EUR/USD was trading at 1.2443 from around 1.2438 ahead of the release of the data, while EUR/GBP was at 0.7809 from 0.7806 earlier.
Meanwhile, European stock markets remained lower. The DJ Euro Stoxx 50 slumped 1.1%, France’s CAC 40 shed 0.85%, Germany's DAX lost 1.1%, while London’s FTSE 100 declined 0.55%.