Eurozone Industrial Production jumps 1.3% MoM in July, as expected
Source Fxstreet
The Eurozone industrial sector activity turned around in July, the latest data published by Eurostat showed on Monday.
Industrial output in the old continent jumped by 1.3% month-over-month (MoM) in July, as expected, following a 1.9% drop in June.
Annually, Eurozone Industrial Production increased by 1.5% in the same period, as against June’s -3.6%.
EUR/USD reaction to the Eurozone Industrial Production data
developing story ....
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
While Wall Street may be convinced the Federal Reserve (Fed) is about to slash interest rates, many experts argue the hard economic data says otherwise.
Gold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
The US Dollar Index (DXY) is trading around 98.10 during the early European hours on Friday after recovering recent gains from the previous session.
The United States (US) Bureau of Labor Statistics (BLS) will release the critical Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT.
The EUR/USD pair is trading moderately higher on Friday, currently at 1.1677, but still on track for its second consecutive negative week.
Related Instrument
