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German Industrial Production decreased by 1.2%

Wednesday, Oct 07 2015
While analysts were forecasting increase by 0.3%, in August 2015, German production in industry was down by 1.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office. In July 2015, the corrected figure shows an increase of 1.2% (primary +0.7%) from June 2015.
 
In August 2015, production in industry excluding energy and construction was down by 1.1%. Within industry, the production of capital goods decreased by 2.1% and the production of consumer goods by 0.4%. The production of intermediate goods remained at the same level of the previous month. Energy production fell by 1.4% in August 2015 and the production in construction decreased by 1.3%.
 
Euro is currently being traded few points above 1.1260 level. Pair is likely to find support around 1.12 area and resistance above 1.13 handle. There will be no major data releases later today.
More in this category: « Aussie heading toward 0.72 handle U.K. Industrial Production rose more than expected »

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