Eurozone industrial production beat in June adds to positive data

Eurozone industrial production rose by an annual rate of 0.3 per cent in June, beating the previous month’s 0.2 per cent rise and analyst expectations of a 0.1 per cent increase.

Compared to May 2013, industrial production rose by 0.7 per cent – a vast improvement on the previous month’s revised 0.2 per cent contraction, but just missing expectations of 0.8 per cent.

This comes as the ZEW institute shows investor confidence spiked in the Eurozone, sending the euro higher.