Investing.com – Industrial production in the euro zone rose more-than-expected in August, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.0% in August, after advancing by 0.1% in July, whose figure was revised up from 0.0%.
Analysts had expected industrial production in the euro zone to increase by 0.7% in August.
The data showed that year-on-year, the rate of industrial production rose more-than-expected, increasing by 7.9% in August, after rising by 7.2% in July.
Analysts had expected the year-on-year rate of industrial production to rise by 7.4% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.48% to hit 1.3992.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.0% in August, after advancing by 0.1% in July, whose figure was revised up from 0.0%.
Analysts had expected industrial production in the euro zone to increase by 0.7% in August.
The data showed that year-on-year, the rate of industrial production rose more-than-expected, increasing by 7.9% in August, after rising by 7.2% in July.
Analysts had expected the year-on-year rate of industrial production to rise by 7.4% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.48% to hit 1.3992.