German Industrial Production flat in May

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Tuesday, Jul 07 2015

In May 2015, production in industry remained unchanged from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Analysts were predicting 0.1% increase. In April 2015, the corrected figure shows an increase of 0.6% (primary +0.9%) from March 2015.

In May 2015, production in industry excluding energy and construction was up by 0.4%. Within industry, the production of capital goods increased by 0.4% and the production of consumer goods by 1.3%. A decrease of production was recorded for intermediate goods (0.2%). Energy production fell by 3.1% in May 2015 and the production in construction decreased by 0.5%.

Data did not have any major impact on markets with Aussie currently being traded few points below 1.10 handle. Pair is likely to find support around 1.0970 and resistance above 1.1050 level. Later today, in the US session, Trade Balance and JOLTS Job Openings figures are scheduled for a release, but also Eurogroup meeting and EU Summit addressing Greek issue will be held.

More in this category: « RBA leaves interest rates unchanged UK Industrial Production rose, but manufacturing sector still weak »

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