FXStreet (Mumbai) – Euro zone industrial production surprised markets on the downside in June, still pointing to a fragile recovery, according to figures published on Wednesday by Eurostat revealed.
The Eurostat noted on Wednesday that June production by factories, mines and utilities was 1.2% higher than in the same month of last year and 0.4% lower than a month ago. It was the fourth consecutive month of a flat or negative monthly reading.
In May, the gauge rose an downwardly revised 1.2% y/y and lost an upwardly revised 0.2% m/m.
For June, markets had anticipated a slight acceleration to 1.7% growth and a 0.1% downturn, respectively.
(Market News Provided by FXstreet)