New data Industrial Production MoM (Jun)

8/2/2024

actual 0.5, previous 0.5

The event is the Industrial Production MoM (Month-over-Month) for Italy in June. It measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

The actual value reported is 0.5%, which indicates a 0.5% increase in industrial production compared to the previous month. This data is considered to have a medium impact on the market.

The previous value was also 0.5%, meaning that there was no change in industrial production compared to the previous period. The estimate was 0%, so the actual result exceeded expectations.

Overall, this data suggests a modest increase in industrial production in Italy for the reported month, which can have implications for the country's economic performance and potentially influence the value of the Euro (EUR) in the foreign exchange market.

This is not investment advice. Remember to verify the information provided here.