Eurozone Industrial Production steadies at 0.2% MoM in November vs. 0.3% expected

Eurozone’s industrial sector activity showed steady performance in November, the latest data published by Eurostat showed on Wednesday.

Industrial output in the old continent came in 0.2% MoM in November, compared to the estimated increase of 0.3% and 0.2% recorded in October.

Eurozone Industrial Production dropped at an annual rate of 1.9% in November versus October’s -1.1%. Data aligned with the market expectations.

EUR/USD reaction to the Eurozone Industrial Production data

Eurozone industrial figures fail to move the needle around the Euro, as EUR/USD holds the bounce above 1.0300. The pair is flat on the day, at the press time.