March data shows slower-than-expected industrial activity, with annual output contracting 2.1% as February revisions weigh on sentiment.
Eurozone industrial production increased 0.2% in March, missing the 0.3% consensus estimate. The figure reflects a modest recovery but underscores persistent weakness in the sector.
February’s data was revised downward to a 0.4% gain from an initial 0.6% contraction. Annualized output fell 2.1%, accelerating from a 0.8% decline in February and exceeding the -1.7% forecast.
The Euro showed limited reaction, with EUR/USD trading 0.3% lower near 1.1700, driven by a stronger US Dollar rather than the industrial data.