Investing.com - Industrial production in the euro zone rose broadly in line with market expectations in November, amid ongoing 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 increased by a seasonally adjusted 0.2% in November, meeting forecasts. Industrial production rose by 0.8% in October, whose figure was revised from a previously reported gain of 0.7%.
Year-on-year, industrial production declined 0.4% in November from a year earlier, compared to expectations for a 0.8% drop and after rising at a rate of 0.8% in the preceding month.
EUR/USD was trading at 1.1747 from around 1.1745 ahead of the release of the data, while EUR/GBP was at 0.7738 from 0.7840 earlier.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 tacked on 0.35%, France’s CAC 40 advanced 0.15%, Germany's DAX inched up 0.1%, while London’s FTSE 100 declined 1%.