Latest data released by Eurostat - 12 December 2018
- Prior -0.3%; revised to -0.6%
- Industrial production WDA +1.2% vs +0.7% y/y expected
- Prior +0.9%; revised to +0.8%
A slight improvement in factory activity on the month and that's a much needed beat there for the euro and the Eurozone economy as hard data for Q4 starts coming in. The negative revisions take some shine off the report here, but overall it's still a decent one considering all the concerns surrounding the Eurozone economy lately.
EUR/USD sits near the highs for the day now at 1.1335 but still kept in a narrow range. EUR/GBP is just off the lows now at 0.9043 but is still weaker on the day.
