Shutterstock photo
Markets

Euro Zone Industrial Production Returns to Growth

Shutterstock photo

Shutterstock photo

printprofile

Last month's reading from the euro zone's regional industrial production report showed stagnation at 0% growth. This month's forecast was for a 0.1% downturn in industrial output. Today's morning publication of this month's production figure, however, revealed mild growth in the region's industrial sector.

The morning release highlighted an optimistic 0.2% growth in industrial output, likely connected to the region's boost in German factory hiring, which has risen 2.7%, year-on-year. Also behind the surprise uptick was a boost in demand for durable consumer goods such as electronics and furniture. Analysts have so far said the data is a positive indicator, but will likely not be enough to prevent a sluggish second quarter.

Read more forex trading news on our forex blog .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx