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Eurozone Industrial Production fell by 0.3%

Thursday, Nov 12 2015
In September 2015 compared with August 2015, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.1%. In August 2015 industrial production fell by 0.4% and 0.2% respectively. In September 2015 compared with September 2014, industrial production increased by 1.7% in the euro area and by 1.8% in the EU28. 
 
The decrease of 0.3% in industrial production in the euro area in September 2015, compared with August 2015, is due to production of durable consumer goods falling by 3.9%, non-durable consumer goods by 1.0% and capital goods by 0.3%, while production of intermediate goods remained stable and energy rose by 1.2%.  In the EU28, the decrease of 0.1% is due to production of durable consumer goods falling by 2.5%, non-durable consumer goods by 0.6% and energy by 0.2%, while production of both capital goods and intermediate goods rose by 0.1%.  
 
Euro is currently being traded around 1.0720 area. Pair is likely to find support around 1.07 handle and resistance above 1.0770 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
More in this category: « Draghi hints asset purchase extension Unemployment Claims unchanged last week »

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