Eurozone Industrial Production showed an unexpected increase in June, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is back on track.

Eurozone’s Industrial Output rose 0.5% MoM, the Eurostats reported in its latest release, vs. -0.1% expected and 0% previous reading.

The bloc’s annual Industrial Production dropped 1.2% in June versus a 2.5% decline seen in May and against expectations of a 4.2% decrease.

EUR/USD reaction

The shared currency is unfazed by the mixed German industrial figures. At the time of writing, EUR/USD is trading at around 1.0930, adding 0.22% on the day.