12 April 2012 10: 02 GMT the takeaway: industrial production in the euro area increased by 0.5% in February, bat the expectations of analysts-> low production in Germany prevails over 13% increase to the Netherlands-> stays at the same level after the report to the EUR/USD
Eurozone industrial production increased 0.5% for the month of February, led by the France and the Netherlands. Actual production beat average estimates of a decline of 0.2%. However, the figures were 1.8% lower in February of the previous year, as expected by analysts.
The number can be seen as a sign of economic stabilization for the euro area; and a drop in industrial production in Germany and Spain was offset by the improvement of the production in France and the Netherlands. The German numbers released last week were not fully represented in number of today as the collapse of the production of the construction was not included in the survey of the euro area.
EUR/USD do not strongly respond to better than expected data. The pair rose and fell following the release, but who later moved back to the initial level.
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12 April 2012 10: 02 GMT
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