The Eurozone Industrial Production rebounded in April. According to official statistics released on Wednesday, indicating that the manufacturing sector recovery is making a comeback.
Industrial output increased 1.0% month on month, according to Eurostat, compared to 0.8% predicted and -3.8% in the prior figure.
On an annual basis, the bloc’s Industrial Production gained 0.2% in April, compared to a -1.4% decrease in March and a 0.8% increase projected.
Eurozone Impact on Currency
The mixed German industrial data have little effect on the common currency. The EURUSD is currently trading at about 1.0800, up 0.08% for the day.
