Eurozone Industrial Production fell by 0.5%
In August 2015 compared with July 2015, seasonally adjusted industrial production fell by 0.5% in the euro area (EA19) and by 0.3% in the EU28. This was in line with market forecasts. In July 2015 industrial production rose by 0.8% and 0.4% respectively. In August 2015 compared with August 2014, industrial production increased by 0.9% in the euro area and by 1.9% in the EU28.
The decrease of 0.5% in industrial production in the euro area in August 2015, compared with July 2015, is due to production of energy falling by 3.0%, capital goods by 1.0% and non-durable consumer goods by 0.1%, while production of intermediate goods rose by 0.2% and durable consumer goods by 2.3%.
Euro is currently being traded around 1.14 handle. Pair is likely to find support around 1.1350 area and resistance near 1.1440 level. Later today, in the US session, US Retail Sales and PPI figures are scheduled for a release.
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