Eurozone's industrial output increased more than expected

Eurostat reported on Wednesday that Eurozone's industrial output in July gained 0.6%, offsetting the decline which occurred in the preceding month. Analysts, however, expected that the output would fall by 0.1%. Year over year, the industrial production fell by 2.3% in July, whereas in June it declined by 2.1%. Following the release of the data, the 17-nation currency remained higher versus the Greenback, adding 0.23% to trade at 1.2884.