Forex Pros – Industrial production in the euro zone rose less-than-expected in January, official data showed on Monday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.3% in January, after rising by 0.3% in December, whose figure was revised up from -0.1%.
Analysts had expected industrial production in the euro zone to rise by 0.4% in January.
The data showed that year-on-year, the rate of industrial production rose in line with expectations, increasing at an annualized rate of 6.6% in January, after rising by 8.8% in December.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.32% to hit 1.3947.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.23%, France’s CAC 40 was up 0.05%, Germany’s DAX dropped 0.99%, while the FTSE 100 slipped 0.05%.
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