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Eurozone Industrial Production steadies at 0.2% MoM in November vs. 0.3% expected

Eurozone’s industrial sector activity showed steady performance in November, the latest data published by Eurostat showed on Wednesday.

Industrial output in the old continent came in 0.2% MoM in November, compared to the estimated increase of 0.3% and 0.2% recorded in October.

Eurozone Industrial Production dropped at an annual rate of 1.9% in November versus October’s -1.1%. Data aligned with the market expectations.

EUR/USD reaction to the Eurozone Industrial Production data

Eurozone industrial figures fail to move the needle around the Euro, as EUR/USD holds the bounce above 1.0300. The pair is flat on the day, at the press time.

Eurozone Industrial Production w.d.a. (YoY) meets forecasts (-1.9%) in November

Eurozone Industrial Production w.d.a. (YoY) meets forecasts (-1.9%) in November
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GBP: Slower UK inflation should ease pressure on gilts – ING

Finally, some good news for the gilt market. December’s UK inflation – released this morning – slowed more than expected. Services CPI, which is what the Bank of England is mostly focused on, came in at 4.4% versus the consensus of 4.8%.
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