Eurozone’s industrial sector activity showed no growth in October, the latest data published by Eurostat showed on Friday.

Industrial output in the old continent came in 0% MoM,  compared to the expected decrease of 0.1% and a -1.5% recorded in September.

Eurozone Industrial Production fell at an annual rate of 1.2% in October versus September’s -2.2%. The market forecast was for -1.9%.

EUR/USD reaction to the Eurozone Industrial Production data

The upbeat Eurozone industrial figures powered the Euro, as EUR/USD holds the bounce near 1.0500. The pair is up 0.21% on the day, at the press time.