Investing.com - Industrial production in the euro zone fell in line with expectations in March, underlining 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 declined by a seasonally adjusted 0.3% in March, meeting forecasts. Industrial production in February rose 0.2%.
Year-on-year, industrial production declined at an annualized rate of 0.1% in March from a year earlier, disappointing expectations for a 1% gain and after rising at a rate of 1.7% in the preceding month.
Following the release of that data, the euro held on to gains against the U.S. dollar, with EUR/USD easing up 0.14% to trade at 1.3720.
Meanwhile, European stock markets were lower. The DJ Euro Stoxx 50 fell 0.25%, France’s CAC 40 shed 0.25%, Germany''s DAX dipped 0.1%, while London’s FTSE 100 lost 0.1%.
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