Eurozone November industrial production +0.2% vs +0.3% m/m expected
Latest data released by Eurostat - 15 January 2020
- Prior -0.5%; revised to -0.9%
- Industrial production WDA -1.5% vs -1.0% y/y expected
- Prior -2.2%; revised to -2.6%
The mild improvement in factory activity is offset by the weaker revision to the October figures. That sort of negates any hope for a sustained recovery in the industrial sector for the Eurozone as we look towards the end of last year.
EUR/USD keeps rangebound still, trading near unchanged levels at 1.1126 - still trapped within a narrow 18 pips range so far today.