Eurozone February industrial production -0.2% vs -0.6% m/m expected
Latest data released by Eurostat - 12 April 2019
- Prior +1.4%; revised to +1.9%
- Industrial production WDA -0.3% vs -1.0% y/y expected
- Prior -1.1%; revised to -0.7%
Better-than-expected readings but the figures are relatively soft, which doesn't bode too well for overall growth. But at least there are positive revisions to the January figures which should help to offset that there.
Not much to really take away from this report as industrial/factory activity in the region remains sluggish in Q1 so far. EUR/USD continues to sit higher at 1.1305 as the dollar softens on risk-on flows. EUR/JPY is also near the highs at 126.55 currently.