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German Industrial Production missed market forecast

Friday, Nov 06 2015
In September 2015,  production in industry was down by 1.1% from the previous month on a price, seasonally and working day adjusted basis, missing forecasts on incline by 0.6%, according to provisional data of the Federal Statistical Office. In August 2015, the corrected figure shows a decrease of 0.6% (primary –1.2%) from July 2015.  
 
In September 2015, production in industry excluding energy and construction was down by 1.4%. Within industry, the production of capital goods decreased by 1.4%, the production of intermediate goods by 0.4% and the production consumer goods by 3.2%. Energy production was up 0.3% on the previous month while production in construction fell by 0.9%. 
 
Euro is currently being traded around 1.0870 area. Pair is likely to find support around 1.0850 handle and resistance above 1.09 level. Later today, in the US session, NFP figures are scheduled for a release.
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