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Eurozone industrial production stays flat in June, EUR/USD holds near 1.15

Eurostat said annualized industrial output fell 1.2% in June, while EUR/USD traded around 1.1525 with no clear market reaction to the mixed data.

Reported · Written up by our desk · Major Pairs

Eurozone industrial production was flat in June, according to data published by Eurostat, even as the market had expected a 0.1% decline. The report showed that May industrial production contracted 0.3%, revised lower from a prior estimate of minus 0.2%.

On an annualized basis, industrial output fell 1.2%, with expectations pointing to a 0.8% decline. The data were released by Eurostat as part of its monthly industrial production index, a widely used gauge of activity in the Eurozone manufacturing sector.

Despite the combination of softer prior month data and a worse-than-expected annual figure, the euro showed little immediate reaction. At the time of the update, EUR/USD was trading around 1.1525, staying subdued as traders weighed the mixed release.

Latest closeEUR/USD 1.153 ▼0.2%

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