Investing.com – Industrial production in the euro zone rose less-than-expected in May, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.1% in May, falling short of expectations for a 0.4% gain. Industrial production rose 0.2% in April.
Year-on-year, industrial production rose at an annualized rate of 4.0% in May, after climbing at a rate of 5.2% in the previous month.
Analysts had expected industrial production to rise at an annualized rate of 4.8%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.67% to trade at 1.4070.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 edged 0.15% higher, France’s CAC 40 shed 0.1%, Germany's DAX rose 0.4%, while the FTSE 100 eased up 0.25%.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.1% in May, falling short of expectations for a 0.4% gain. Industrial production rose 0.2% in April.
Year-on-year, industrial production rose at an annualized rate of 4.0% in May, after climbing at a rate of 5.2% in the previous month.
Analysts had expected industrial production to rise at an annualized rate of 4.8%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.67% to trade at 1.4070.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 edged 0.15% higher, France’s CAC 40 shed 0.1%, Germany's DAX rose 0.4%, while the FTSE 100 eased up 0.25%.