Eurozone August industrial production +1.0% vs +0.5% m/m expected
Latest data from Eurostat - 12 October 2018
- Prior -0.8%; revised to -0.7%
- Industrial production WDA y/y +0.9% vs -0.2% expected
- Prior -0.1%; revised to +0.3%
Positive beats on the release here alongside positive revisions. Not much else needs to be said. But this shows that the Eurozone factory activity does not hinge on Germany solely. A minor data point but this will continue to at least keep up with the tone fed by the ECB that Eurozone economic growth remains broad-based.
EUR/USD is a little lower now at 1.1586, EUR/GBP is back up to flat levels on the day at 0.8763 and EUR/JPY is flat on the day as well at 130.05.