Eurozone Industrial Production drops 4.1% MoM in March vs. -2.5% expected
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Eurozone Industrial Production snaps its run increases in March, the official data showed on Monday, suggesting that the manufacturing sector recovery has faltered yet again.
Eurozone’s Industrial Output declined 4.1% MoM, the Eurostats said in its latest publication, vs. -2.5% expected and +1.5% previous reading.
On an annualized basis, the bloc’s Industrial Production arrived at -1.4% in March versus a 2.0% figure registered in March and against the expected growth of 0.9%.
The shared currency has lost its upside traction on the downbeat German industrial figures. At the time of writing, EUR/USD is trading at around 1.0865, adding 0.16% on the day.
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