Eurozone Industrial Production rises 0.2% MoM in May vs. 0.3% expected

Market news

13 July 2023

Eurozone Industrial Production rises 0.2% MoM in May vs. 0.3% expected

Eurozone Industrial Production increased less than expected in May, the official data showed on Thursday, suggesting that the manufacturing sector recovery is losing momentum.

Eurozone’s Industrial Output rose 0.2% MoM, the Eurostats said in its latest publication, vs. 0.3% expected and 1.0% previous reading.

The bloc’s annual Industrial Production dropped 2.2% in May versus a 1.2% decrease seen in April and against the expected fall of 1.2%.

EUR/USD reaction

The shared currency is unperturbed by downbeat German industrial figures. At the time of writing, EUR/USD is trading at around 1.1165, adding 0.32% on the day.

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