Investing.com - Industrial production in the euro zone rose more-than-expected in August, easing concerns over the outlook for economic growth in the single currency bloc, official data showed on Monday.
In a report, Eurostat, the European statistics agency said industrial production increased by a seasonally adjusted 1% in August, beating expectations for a 0.8% gain.
Industrial production in July fell 1%, whose figure was revised from a previously reported 1.5% drop.
Year-on-year, industrial production fell at an annualized rate of 2.1% in August, after dropping at a rate of 1.9% in the preceding month. Analysts had expected industrial production to decline at an annualized rate of 2.4%.
Following the release of that data, the euro was mildly higher against the U.S. dollar, with EUR/USD easing up 0.11% to trade at 1.3555.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.1%, France’s CAC 40 dipped 0.25%, Germany's DAX inched down 0.25%, while London’s FTSE 100 tacked on 0.1%.
In a report, Eurostat, the European statistics agency said industrial production increased by a seasonally adjusted 1% in August, beating expectations for a 0.8% gain.
Industrial production in July fell 1%, whose figure was revised from a previously reported 1.5% drop.
Year-on-year, industrial production fell at an annualized rate of 2.1% in August, after dropping at a rate of 1.9% in the preceding month. Analysts had expected industrial production to decline at an annualized rate of 2.4%.
Following the release of that data, the euro was mildly higher against the U.S. dollar, with EUR/USD easing up 0.11% to trade at 1.3555.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.1%, France’s CAC 40 dipped 0.25%, Germany's DAX inched down 0.25%, while London’s FTSE 100 tacked on 0.1%.