Tuesday saw the common currency of the European Union slip after investor outlook did not increase as much as forecast in Germany, the host of the 17-nation bloc's largest economy, Reuters reports.
But losses for the euro were curbed by economic data noting regional industrial generation was greater-than-projected. ZEW think tank in Germany released poll results stating economic sentiment rose to 36.4 after having registered at 36.3 in April, which was less than forecast and thus projects issues remain with financial, fiscal and economic stability in the 17-nation bloc.
"It's pretty clear that Germany has found its way back to growth," senior economist Guillaume Menuet with Citigroup Inc. in London told Bloomberg on Tuesday. "The problem is that it seems to be the only big European economy growing, and that's why the crisis in the euro area is far from over."
March saw regional factories' output grow more than forecast but draw down in France and Italy, the second- and third-largest economies in the bloc.
Regional industrial production rose 1 percent from February to March, Bloomberg reports, citing data noted by the European Union.
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