FXstreet.com (Barcelona) - Industrial production rose by 1.2% in Euro Zone in August, while on yearly basis it increased by 4.7%, according to the latest report released by Eurostat.
These results came out well above market expectations, as analysts had been anticipating a 0.3% increase in August and a 2.1% rise on yearly data. July's results were upwardly revised, industrial production final result is a 0.7% on the month, while on the year it rose by 3.9%. Previous estimations were increases of 0.6% on monthly basis and 3.7% on the year.
These strong readings in show that the strenght of the euro is not affecting industrial output in the region.