Eurozone Industrial Production up by 0.6% in July
In July 2015 compared with June 2015, seasonally adjusted industrial production rose by 0.6% in the euro area (EA19) and by 0.3% in the EU28. Analysts were anticipating 0.3% increase. In June 2015 industrial production decreased by 0.3% and 0.1% respectively. In July 2015 compared with July 2014, industrial production increased by 1.9% in the euro area and by 1.8% in the EU28.
The increase of 0.6% in industrial production in the euro area in July 2015, compared with June 2015, is due to production of energy rising by 3.0%, capital goods by 1.4% and durable consumer goods by 1.3%, while production of both intermediate goods and non-durable consumer goods fell by 0.6%.
Euro is currently being traded few points above 1.1330 level. Pair is likely to find support around 1.1280 handle and resistance above 1.1370 area. There will be no major data releases in the rest of the session.
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