Latest data released by Istat - 10 April 2019
- Prior +1.7%; revised to +1.9%
- Industrial production WDA +0.9% vs -1.1% y/y expected
- Prior -0.8%
Similar to the French reading earlier, Italian factory activity also shows a notable beat for the month of February. That should provide some relief in the wake of Germany's weakening industrial sector so far in Q1 2019. A minor data point though, not one that's going to impact the euro whatsoever.
EUR/USD sits at 1.1267, still hugging a narrow range on the day. EUR/GBP likewise at 0.8619, a tad lower on the day.
