Investing.com – Industrial production in the euro zone rose less-than-expected in February, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.4% in February, after rising by 0.2% in January, whose figure was revised down from 0.3%.
Analysts had expected industrial production in the euro zone to rise by 0.8% in February.
The data showed that year-on-year, the rate of industrial production rose less-than-expected, increasing at an annualized rate of 7.3% in February, missing expectations for an increase of 8.0%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.12% to hit 1.4495.
Meanwhile, European stock markets were higher. The EURO STOXX 50 added 0.36%, France’s CAC 40 was up 0.35%, Germany's DAX climbed 0.59%, while the FTSE 100 advanced 0.68%.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.4% in February, after rising by 0.2% in January, whose figure was revised down from 0.3%.
Analysts had expected industrial production in the euro zone to rise by 0.8% in February.
The data showed that year-on-year, the rate of industrial production rose less-than-expected, increasing at an annualized rate of 7.3% in February, missing expectations for an increase of 8.0%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.12% to hit 1.4495.
Meanwhile, European stock markets were higher. The EURO STOXX 50 added 0.36%, France’s CAC 40 was up 0.35%, Germany's DAX climbed 0.59%, while the FTSE 100 advanced 0.68%.