Eurozone inflation up in September

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Friday, Oct 30 2015

Euro area annual inflation is expected to be 0.0% in October 2015, up from -0.1% in September 2015, in line with market predictions. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in October (1.5%, compared with 1.4% in September), followed by services (1.3%, compared with 1.2% in September), non-energy industrial goods (0.4%, compared with 0.3% in September) and energy (-8.7%, compared with -8.9% in September).

The euro area (EA19) seasonally-adjusted unemployment rate was 10.8% in September 2015, down from 10.9% in August 2015, and from 11.5% in September 2014. No change was expected. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in September 2015, down from 9.4% in August 2015, and from 10.1% in September 2014. This is the lowest rate recorded in the EU28 since September 2009.

Euro is currently being traded around 1.10 handle. Pair is likely to find support at 1.0950 area and resistance above 1.1050 level. Later today, in the US session, Employment Cost Index figures are scheduled for a release.

More in this category: « German Retail Sales unchanged in September Employment Cost Index increased 0.6% »

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