The Eurozone industrial production fell to -1% in February’s monthly reading, slightly improving the -1.1% expected, but worsening the 0.8% rise seen in December. Today’s is the biggest drop seen by the indicator since April 2020.
Annual industrial production fell to -1.6% in February, worsening the -0.9% forecast and + 0.1% in the previous month. This is the biggest setback on record since October.
EUR / USD reaction
Mixed industrial production data have not made a dent in the EUR/USD, which at the time of writing is trading at 1.1967, gaining 0.16% daily, and standing very close to the almost four-week high of 1.1974 reached at the European opening this Wednesday.
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