Forex Pros – Industrial production in the euro zone fell less-than-expected in December, official data showed on Monday.
In a report, Eurostat, the European statistics agency said industrial production declined by a seasonally adjusted 0.1% in December, after rising by 1.4% in November, whose figure was revised up from 1.2%.
Analysts had expected industrial production in the euro zone to decline by 0.2% in December.
The data showed that year-over-year, the rate of industrial production rose in line with expectations, increasing by an annualized 8.0% in December, after rising by 7.9% in November.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.61% to hit 1.3467.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 slid 0.14%, France’s CAC 40 was up 0.04%, Germany’s DAX gained 0.25%, while the FTSE 100 slipped 0.05%.
ForexPros.com
