Eurozone’s industrial sector activity accelerated its pace of decline in July, the latest data published by Eurostat showed on Friday.

Industrial output in the old continent decreased by 0.3% MoM,  aligning with the expected decline of 0.3% while down from a 0% reading in June.

Eurozone Industrial Production fell at an annual rate of 2.2% in July versus June’s -4.1%. The market forecast was for -2.7%.

EUR/USD reaction to the Eurozone Industrial Production data

Mixed Eurozone industrial figures have little to no impact on the Euro, as EUR/USD continues to hold higher ground near 1.1100. The pair is up 0.16% on the day, at the press time.