IV:Euro zone industrial production rises 0.7% in June
Investing.com - Industrial production in the euro zone rose less-than-expected in June, underlining concerns over the outlook for economic growth in the single currency bloc, official data showed on Tuesday.
In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.7% in June, missing expectations for a 0.8% gain.
Industrial production in May was revised to a 0.2% decline from a previously reported drop of 0.3%.
Year-on-year, industrial production rose at an annualized rate of 0.3% in June, after dropping at a rate of 1.3% in the preceding month. Analysts had expected industrial production to increase at an annualized rate of 0.2%.
Following the release of that data, the euro was mildly higher against the U.S. dollar, with EUR/USD easing up 0.06% to trade at 1.3308.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.6%, France’s CAC 40 added 0.4%, Germany's DAX jumped 0.9%, while London’s FTSE 100 tacked on 0.6%.
