Market Update: Eurozone Industrial Production Down by 0.2%
Arslan Butt • 1 min read
According to the Eurostat report, here’s an essential update on the industrial production in the Eurozone:
In January 2019, industrial production grew by 1.9% in the Euro area and by 1.3% in the EU28.
In February 2019 compared with February 2018, industrial production declined by 0.3% in the Euro area and expanded by 0.3% in the EU28.
Seasonally Adjusted Industrial Production
In February 2019 compared with January 2019, seasonally adjusted industrial production dropped by 0.2% in the Euro area (EA19) and remained stable in the EU28.
EUR/USD is taking a bullish turn despite less favorable figures. In fact, the direct currency pair is trading precisely in line with FX Leaders Daily Briefing, April 12.
EUR/USD – Technical Levels
Key Trading Level: 1.1268