Industrial Production m/m (EUR) comes in at -0.2% against -0.1% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Industrial Production m/m for the Eurozone came in at -0.2%. This figure was below the consensus expectation of -0.1%. The previous month’s reading was 0.1%. The actual print represented a -100.0% surprise compared to the consensus forecast.
Following the release, EUR pairs showed limited movement in the first 15 minutes. EURAUD moved -2.8 pips, while EURCAD saw a +0.3 pip change. EURCHF remained unchanged at 0.0 pips, and EURGBP moved -0.1 pips. EURJPY registered a +0.1 pip change, and EURNZD declined by -3.4 pips. EURUSD moved +1.4 pips. These initial movements are small when compared to the typical median 1-hour moves observed after past releases, such as EURAUD’s median of 9 pips, EURCAD’s 6 pips, EURCHF’s 4 pips, EURGBP’s 5 pips, EURJPY’s 7 pips, EURNZD’s 10 pips, and EURUSD’s 5 pips.