FX:Euro zone industrial production tumbles 2.5% in September
Forexpros - Industrial production in the euro zone tumbled in September, adding to concerns over the outlook for economic growth in the single currency bloc, official data showed on Wednesday.
In a report, Eurostat, the European statistics agency said industrial production fell by a seasonally adjusted 2.5% in September, compared to expectations for a 1.9% decline.
Industrial production rose by 0.9% in August.
Year-on-year, industrial production fell at an annualized rate of 2.3% in September, after dropping at a rate of 1.3% in the previous month. Analysts had expected industrial production to decline at an annualized rate of 2.2%.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.39% to trade at 1.2754.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 climbed 0.2%, France’s CAC 40 rose 0.1%, Germany's DAX advanced 0.1%, while London’s FTSE 100 shed 0.4%.
