French Industrial Production rose by 0.4%
In May 2015, output in France picked up in the manufacturing industry (+0.6% after –0.8%, in April) as well as in the industry as a whole (+0.4% after –0.8 % in April). Increase by 0.5% was predicted.Over the last three months, output rose in the manufacturing sector (+0.4% q-o-q) while it was stable in the industry as a whole.
Output improved in almost every sector: in other manufacturing (+0.4%), in the manufacture of transport equipment (+0.9%), in the manufacture of coke and refined petroleum products (+1.6%) and in the manufacture of food products and beverages (+0.2%). Output was stable in the manufacture of electrical and electronic equipment; machine equipment. Conversely, output declined in mining, quarrying, energy and water supply (–1.7%).
After the data euro continued its uptrend and is currently being traded few points above 1.11 handle. Pair is likely to find support around 1.1030 level and resistance above 1.1150 area. There will be no major data releases in the rest of the session.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419