Eurozone Industrial Production rises steadily by 0.2% in March, misses estimates

The Eurozone industrial sector activity rises steadily by 0.2% in March, slower than 0.3% estimates, according to data published by Eurostat. February’s Industrial Production data was revised lower from 0.4%.

On an annualized basis, the industrial output declined at a faster pace of 2.1% against -1.7% expectations. In February, the Industrial Production contracted by 0.8%, revised lower from -0.6%.

Market reaction

There seems to be no immediAte impact of weak Eurozone Industrial Production data on the Euro (EUR). As of writing, EUR/USD trades 0.3% lower to near 1.1700 due to the upbeat US Dollar (USD).