Home / Market Update / Eurozone Industrial Production jumps 1.5% MoM in August

Eurozone Industrial Production jumps 1.5% MoM in August

Eurozone’s Industrial Production increased more than expected in August, the official data published by Eurostat showed on Wednesday, suggesting that the bloc’s manufacturing sector activity is regaining traction.

The industrial output in the old continent jumped by 1.5% MoM vs. a 0.6% increase expected and -2.3% last.

On an annualized basis, the industrial output rose by 2.5% in August versus a 1.2% rise expected and July -2.5%.

The shared currency came under renewed selling pressure despite the upbeat Eurozone industrial figures. At the time of writing, EUR/USD is trading at 0.9906, modestly flat on the day.

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …