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French Industrial Production increased by 0.4%

Tuesday, Mar 10 2015
In January 2014, French output was almost stable in the manufacturing industry (–0.1%, after +1.1% in December), while it increased again in the industry as a whole (+0.4% after +1.4% in December). Analysts were anticipating decrease by 0.2% in industry as a whole.
 
Manufacturing output of the last three months diminished compared to the same months of the previous year (–0.7% y-o-y). It declined more markedly in overall industrial output (–0.9% y-o-y).
Output went down in mining, quarrying, energy and water supply (–1.7%), in the manufacture of electrical and electronic equipment; machine equipment (–1.9%), in the manufacture of transport equipment (–1.9%), to a lesser extent in other manufacturing (–0.2%) and in the manufacture of food products and beverages (–1.1%).
 
Despite the figures euro decreased and is currently being traded slightly below 1.08 handle. Pair is likely to find support around 1.0750 and resistance above 1.0850 level. Later today, in the US session JOLTS Job Openings figures are scheduled for a release.
More in this category: « China's CPI rose more than expected Sterling again below 1.51 handle »

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